North American copper scrap prices edged lower on Index on 13th April, 2017

Published: Apr 17, 2017 14:39
The North American copper scrap prices edged marginally lower on ScrapMonster Price Index  as on April 13th, Thursday.

April 17, 2017 01:00:23 AM

MONTREAL (Scrap Monster): The North American copper scrap prices edged marginally lower on ScrapMonster Price Index  as on April 13th, Thursday.

The price of Alternator scrap remained unchanged over the previous day. The price of #1 Copper Wire and Tubing declined by $0.03 per Lb. #2 Copper Wire and Tubing prices were also down by $0.03 per Lb. The price of #1 Copper Bare Bright too went lower by $ 0.03 per Lb.

The prices of #1 Insulated Copper Wire 85% Recovery declined marginally by $0.01 per Lb. #2 Insulated Copper Wire 50% Recovery prices remained unchanged at $0.92 per Lb. #3 Copper-Light copper prices dropped by $0.03 per Lb to reach $2.16 per Lb.

The prices of Copper Radiator scrap held steady over the day. Copper Transformer Scrap prices remained unchanged. CuYokes prices too witnessed no change from the previous day. Cu/Al Radiator Ends witnessed no change over the previous day. Meanwhile, the prices of Cu/Al Radiators and Cu/Al Radiators/Fe held steady on April 13th, 2017.

Harness Wire 35% Recovery and Heater cores prices witnessed no change.

The price of Romex Wire remained unchanged when matched with the previous day.

The prices of Scrap Electric Motors, Sealed units, Starters and Xmas Lights maintained the previous day price levels.

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
Tin Prices Declined Under Macro Pressure, Stimulating Transactions, While Destocking of Visible Inventory May Provide Support [SMM Tin Brief Review]
2 hours ago
Tin Prices Declined Under Macro Pressure, Stimulating Transactions, While Destocking of Visible Inventory May Provide Support [SMM Tin Brief Review]
Read More
Tin Prices Declined Under Macro Pressure, Stimulating Transactions, While Destocking of Visible Inventory May Provide Support [SMM Tin Brief Review]
Tin Prices Declined Under Macro Pressure, Stimulating Transactions, While Destocking of Visible Inventory May Provide Support [SMM Tin Brief Review]
[SMM Tin Market Brief: Under Macro Pressure, Falling Tin Prices Stimulated Transactions, and Visible Inventory Drawdowns May Provide Support]
2 hours ago
Secondary Aluminum Alloy ADC12 Market Weakens, Prices Drop by 200-400 Yuan/mt Amid Bearish Sentiment
3 hours ago
Secondary Aluminum Alloy ADC12 Market Weakens, Prices Drop by 200-400 Yuan/mt Amid Bearish Sentiment
Read More
Secondary Aluminum Alloy ADC12 Market Weakens, Prices Drop by 200-400 Yuan/mt Amid Bearish Sentiment
Secondary Aluminum Alloy ADC12 Market Weakens, Prices Drop by 200-400 Yuan/mt Amid Bearish Sentiment
[SMM Daily Review of Aluminum Alloy] The secondary aluminum alloy ADC12 market continued to weaken today, with mainstream enterprises generally cutting offers by 200–400 yuan/mt. The weaker prices were mainly dragged down by larger declines in aluminum prices and futures, with the cost center moving lower in tandem. In addition, some enterprises had shown relatively strong bullish sentiment earlier and lagged in the pace of price adjustments, leading to a catch-up decline in the market today. In terms of market sentiment, secondary aluminum enterprises turned cautious and bearish on the short-term aluminum price trend, focusing mainly on active shipments. Demand side, support remained weak, downstream procurement was maintained only for rigid demand, wait-and-see sentiment was strong, and
3 hours ago
Global Copper Price Pullback Triggers Pricing Tug-of-War: Scrap Coefficients Surge Amid Market Impasse
4 hours ago
Global Copper Price Pullback Triggers Pricing Tug-of-War: Scrap Coefficients Surge Amid Market Impasse
Read More
Global Copper Price Pullback Triggers Pricing Tug-of-War: Scrap Coefficients Surge Amid Market Impasse
Global Copper Price Pullback Triggers Pricing Tug-of-War: Scrap Coefficients Surge Amid Market Impasse
In light of the recent sharp decline in copper prices, SMM reports a noticeable deceleration in the global copper scrap trading trend. The rapid price correction has widened the bid-ask spread significantly, creating a sharp divergence in pricing expectations between market participants. Taking Bare Bright Copper as an example, overseas holders, seeking to hedge against the drop in absolute prices, have hiked their pricing coefficients to 99-99.5% of LME, a 1-percentage-point jump from 98-98.5% last week. Conversely, Chinese importers, constrained by domestic margin pressures, remain firm at the previous 98.5% coefficient. This "pricing mismatch" has hindered any consensus on coefficients, resulting in stagnant transaction activity across the board.
4 hours ago