By Anil Mathews
March 28, 2017 02:00:46 AM
BEIJING (Scrap Monster): The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index as on Monday, March 27th.
#1 Copper Bare Bright prices were down by CNY 800 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too tumbled by CNY 800 per MT each.
#1 Insulated Copper Wire 85% Recovery was down CNY 400 per MT to CNY 27,300 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 250 per MT to touch CNY 23,200 per MT.
Copper Transformer scrap prices dropped by CNY 100 per MT over the previous day. The price of Cu Yokes too has declined by CNY150 per MT.
Cu/Al Radiator scrap prices witnessed decline of CNY 250 per MT.
Harness Wire 35% Recovery prices declined by CNY 100 per MT.
Heater Cores were down by CNY 400 per MT on Monday, March 27th.
Meantime, Scrap Electric Motors and Sealed Units prices dropped by CNY 50 per MT each over the previous day.