Chinese copper scrap prices surged on Index on 15th March, 2017

Published: Mar 16, 2017 14:08

Save

The Chinese copper scrap prices witnessed sharp rise on ScrapMonster Price Index as on Wednesday, 15th March.

BEIJING (Scrap Monster): The Chinese copper scrap prices witnessed sharp rise on ScrapMonster Price Index as on Wednesday, 15^th March.

The #1 Copper Bare Bright and #1 Copper Wire and Tubing saw price rise of CNY 400 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 400 per MT.

#1 Insulated Copper Wire 85% Recovery was up CNY 150 per MT to CNY 27,950 per MT. The price of #2 Insulated Copper Wire 50% Recovery went higher by CNY 100 per MT to touch CNY 23,600 per MT.

Copper Transformer scrap prices were up by CNY 50 per MT. An up move of CNY 50 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 50 and CNY 100 per MT respectively on Wednesday, March 15^th.

Meantime, prices of Scrap Electric Motors and Sealed Units witnessed on change in prices over the previous day.

copper scrap copper prices ferrous metals

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Sep 11, 2026 16:56

[SMM Analysis] US Refined Copper Tariff Uncertainty Returns—What Does It Mean for Global Copper Scrap?

[SMM Analysis: US Refined Copper Tariff Uncertainty Returns—What Does It Mean for Global Copper Scrap?] US refined copper tariff uncertainty is reshaping global copper flows. If tariffs proceed, a wider COMEX-LME spread could draw more cathode into the US and support scrap demand elsewhere. If delayed or cancelled, the spread may narrow and weaken scrap payabilities. However, low global scrap inventories and tight VAT-invoiced supply in China make a sharp correction unlikely.

Sep 11, 2026 16:56

Sep 11, 2026 16:39

[SMM India Domestic Market Weekly Review] Indian Domestic Steel Market Maintains Upward Trend

The Indian domestic steel market strengthened during the week with prices increasing by 4.18-15.68USD/tonne (400–1,500INR/tonne) across key markets compared with the previous week, supported by improved demand and tighter availability. Raipur billet rose by 15.66USD/tonne (1,500INR/tonne) week on week to 454.40USD/tonne (43,500INR/tonne) EXW Raipur. Rebar prices increased by 8.35USD/tonne (800INR/tonne) to 531.66USD/tonne (50,900INR/tonne) EXW Mumbai. In Mandi Gobindgarh, HMS 1&2 (80:20) rose by 4.17USD/tonne (400INR/tonne) to 400USD/tonne (38,300INR/tonne) delivered Mandi. Ingot rose by 4.17USD/tonne (400INR/tonne) to 489.79USD/tonne (46,900INR/tonne) EXW Mandi. PDRI sponge iron prices up by 9.39USD/tonne (900INR/tonne) to 320.60USD/tonne (30,700INR/tonne) EXW Bellary. Alang Melting rose by 10.44USD/tonne (1,000INR/tonne) to 393.63USD/tonne (37,700INR/tonne) ex-yard Alang. Steel prices may remain firm in the coming week amid higher raw material costs.

Sep 11, 2026 16:39

Sep 11, 2026 16:28

[SMM Steel] Indian HRC Export Offers Hold Firm as European Buyers Resist Higher Prices

[India Export] Indian HRC export indications for Europe remained at 590–600USD/tonne FOB India on September 11, with European discussions continuing at 695–700USD/tonne CFR. Some sellers mentioned 715USD/tonne CFR North Europe, but no transaction was confirmed at that level. Indian sellers held their position as reduced European spot availability, higher energy costs and expectations of seasonal production cuts supported regional mill pricing. Northern European HRC prices were around 730–750EUR/tonne EXW, while offers at 770EUR/tonne EXW continued to meet buyer resistance. Italian HRC prices were around 720–730EUR/tonne EXW, although trading remained limited as downstream buyers adopted a wait-and-see approach. Firm European domestic values consequently supported Indian export indications, but subdued spot activity, quota exposure and uncertainty over customs-clearance timing kept importers selective at the upper end of the CFR range.

Sep 11, 2026 16:28