North American copper scrap prices report marginal increase on Index 1st May, 2017

Published: May 3, 2017 09:23

Save

The North American copper scrap prices edged higher slightly on May 1st, Monday.

By Carolina Curiel

TORONTO (Scrap Monster): The North American copper scrap prices climbed higher marginally on ScrapMonster Price Index as on May 1st, Monday.

The price of Alternator scrap remained unchanged over the previous day. The price of #1 Copper Wire and Tubing rose by $0.02 per Lb. #2 Copper Wire and Tubing prices were also up by $0.02 per Lb. The price of #1 Copper Bare Bright went higher by $ 0.02 per Lb.

The prices of #1 Insulated Copper Wire 85% Recovery remained unchanged over the previous day. #2 Insulated Copper Wire 50% Recovery prices remained flat on Index. #3 Copper-Light copper prices went higher by $0.02 per Lb to touch $2.16 per Lb.

The prices of Copper Radiator scrap remained unchanged relative to previous day’s levels. Copper Transformer Scrap prices remained unchanged. CuYokes and Cu/Al Radiator Ends prices too reported no change from the previous day.

Meanwhile, the prices of Cu/Al Radiators and Cu/Al Radiators/Fe held steady on May 1st, 2017.

Heater Cores and Harness Wire 35% Recovery prices were unchanged on Index.

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

North American copper scrap prices

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

26 mins ago

Deep-Sea Mining Firms Move Toward Commercial Processing

Glomar and Cobalt Blue plan to build a U.S. refinery to process deep-sea polymetallic nodules, including copper, highlighting alternative supply strategies.

26 mins ago

29 mins ago

Copper Futures Activity Picks Up with Rising Participation

Copper futures trading volumes on COMEX have rebounded to over 73,000 contracts, with open interest slightly increasing, indicating renewed market participation amid ongoing volatility.

29 mins ago

38 mins ago

Vale Plans to Increase Mineral Reserve and Resource Volumes; Overnight, Both LME Copper and SHFE Copper Closed Higher [SMM Copper Morning Meeting Summary]

SMM Morning Meeting Summary: Overnight, LME copper opened at $12,402.6/mt. In early trading, it fluctuated downward to a low of $12,334.5/mt. Subsequently, the center of copper prices gradually moved higher, rising to $12,482.5/mt near the close, and finally closed at $12,472.6/mt, up 0.73%. Trading volume reached 24,900 lots, and open interest stood at 291,200 lots, down 7,698 lots from the previous trading day, mainly due to bears reducing positions. Overnight, the most-traded SHFE copper 2605 contract opened at 96,300 yuan/mt. In early trading, it fluctuated downward to 96,210 yuan/mt. Subsequently, the center of copper prices fluctuated upward, touching a high of 96,970 yuan/mt near the close, with a gain of 0.45%. Trading volume reached 40,900 lots, and open interest stood at 183,400 lots, down 2,869 lots from the previous trading day, mainly due to bears reducing positions.

38 mins ago