Chinese copper scrap prices tumbled on Index on 27th March, 2017

Published: Mar 28, 2017 15:48

Save

The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index as on Monday, March 27th.

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 27^th.

#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 27^th.

Meantime, Scrap Electric Motors and Sealed Units prices dropped by CNY 50 per MT each over the previous day.

copper scrap prices copper prices nonferrous 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 to learn 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

11 mins ago

Bullish and Bearish Factors Intertwined, Leaving the Tin Market Stuck in Dilemma [SMM Tin Midday Commentary]

[SMM Tin Midday Commentary: Bullish and Bearish Factors Intertwine, and the Dilemma of Fluctuating Between Gains and Losses in Shanghai Tin Continues]

11 mins ago

18 hours ago

ADC12 Prices Rise Amid Cautious Downstream Demand

[SMM Aluminum Alloy Daily Review] After opening higher today, aluminum alloy 2604 fluctuated upward and briefly surged to 24,125 yuan before pulling back somewhat, then maintained a narrow consolidation in the afternoon. It finally closed at 23,885 yuan, up 205 yuan/mt from the previous close, an increase of 0.87%. Boosted by the rebound in futures prices, ADC12 quotations rose across the board today, with the SMM average price of ADC12 raised by 300 yuan/mt. Driven by the cost side, producers actively recouped earlier losses. However, affected by wild swings in prices during the week, downstream purchasing sentiment remained cautious, with most buyers continuing to wait and see or restock only for immediate needs, while the overall pace of market transactions stayed steady. In the short t

18 hours ago

21 hours ago

Chinese Auto Sales Drop in February, NEV Sales Account for 41.2% Amid Holiday Impact

[SMM Flash] According to CAAM data, auto production and sales in February totaled 1.672 million units and 1.805 million units, down 31.7% and 23.1% MoM, and down 20.5% and 15.2% YoY, respectively. In January-February, auto production and sales totaled 4.122 million units and 4.152 million units, down 9.5% and 8.8% YoY, respectively. In February, NEV production and sales totaled 694,000 units and 765,200 units, down 21.8% and 14.2% YoY, respectively. In January-February, NEV production and sales totaled 1.735 million units and 1.71 million units, down 8.8% and 6.9% YoY, respectively, with NEV sales accounting for 41.2% of total new vehicle sales.

21 hours ago