By Anil Mathews
BEIJING (Scrap Monster): The Chinese copper scrap prices witnessed sharp rise on ScrapMonster Price Index as on Monday, 13th March.
The #1 Copper Bare Bright and #1 Copper Wire and Tubing saw price rise of CNY 700 per MT each.
The price of #2 Copper Wire and Tubing also increased by CNY 700 per MT.
#1 Insulated Copper Wire 85% Recovery was up CNY 200 per MT to CNY 27,850 per MT. The price of #2 Insulated Copper Wire 50% Recovery went higher by CNY 100 per MT to touch CNY 23,550 per MT.
Copper Transformer scrap prices were up by CNY 100 per MT. An up move of CNY 100 per MT was witnessed in Cu Yokes.
Cu/Al Radiator prices increased by CNY 100 per MT over the day.
Harness Wire 35% Recovery and Heater Cores were up by CNY 100 and CNY 200 per MT respectively on Monday, March 13th.
Meantime, prices of Scrap Electric Motors and Sealed Units witnessed no change over the previous day.