North American copper scrap prices declined sharply on Index on 3rd May, 2017

Published: May 4, 2017 14:05
The North American copper scrap prices declined sharply on ScrapMonster Price Index  as on May 3rd, Wednesday.

May 04, 2017 02:00:39 AM

TORONTO (Scrap Monster): The North American copper scrap prices declined sharply on ScrapMonster Price Index  as on May 3rd, Wednesday.

Alternator prices witnessed decline of $0.01 per Lb over the previous day. The price of #1 Copper Wire and Tubing slipped by $0.09 per Lb. #2 Copper Wire and Tubing prices were also down by $0.09 per Lb. The price of #1 Copper Bare Bright also went lower by $ 0.09 per Lb.

The prices of #1 Insulated Copper Wire 85% Recovery declined by $0.03 per Lb. #2 Insulated Copper Wire 50% Recovery prices too were down by $0.02 per Lb from the previous day prices. #3 Copper-Light copper prices dropped sharply by $0.09 per Lb.

The prices of Copper Radiator declined by $0.02 per Lb over the previous day.

Copper Transformer scrap and Cu/Al Radiator Ends prices dropped by $0.01 per Lb each on the Index.

Cu/Al Radiators/Fe and Cu Yokes prices dropped by $0.01 per Lb and $0.02 per Lb respectively over the previous day.

Meanwhile, Romex Wire prices saw decline of $0.03 per Lb on May 3rd.

Harness Wire 35% Recovery prices decreased by $0.02 per Lb. The prices of Heater Cores too witnessed marginal decline of $0.01 per Lb.

Scrap Electric Motors and Sealed units were down marginally by $0.01 per Lb each.

Starters and Xmas Lights too declined by $0.01 per Lb each over the previous day.

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
Ferrous Metals May Continue Trading at Elevated Levels in the Short Term [SMM Steel Industry Chain Weekly Report]
Mar 27, 2026 18:45
Ferrous Metals May Continue Trading at Elevated Levels in the Short Term [SMM Steel Industry Chain Weekly Report]
Read More
Ferrous Metals May Continue Trading at Elevated Levels in the Short Term [SMM Steel Industry Chain Weekly Report]
Ferrous Metals May Continue Trading at Elevated Levels in the Short Term [SMM Steel Industry Chain Weekly Report]
This week, ferrous metals retreated after a rapid rise. At the beginning of the week, the market said that Asia had shifted to coal-fired power generation due to a natural gas supply deficit, while Indonesia would increase coal production and impose export taxes. The rise in international coal prices was transmitted to China, and coking coal and coke led the gains in ferrous metals; mid-week, the Middle East situation remained volatile, and the U.S. and Iran held differing attitudes toward war, with ferrous metals consolidating at high levels; the pullback in the second half of the week was also mainly due to the weakening of the cost-side logic, as market rumors said long-term iron ore contract negotiations had been completed, expectations for tightening iron ore supply declined, and raw materials turned into the main driver of the pullback. In the spot market, speculative trading and end-user purchase sentiment improved in the first half of the week, while rigid demand remained dominant in the second half, and the spot-futures price spread widened somewhat......
Mar 27, 2026 18:45
Aluminum Alloy ADC12 Market Edges Up, Driven by Rebound in Aluminum Prices
Mar 27, 2026 13:40
Aluminum Alloy ADC12 Market Edges Up, Driven by Rebound in Aluminum Prices
Read More
Aluminum Alloy ADC12 Market Edges Up, Driven by Rebound in Aluminum Prices
Aluminum Alloy ADC12 Market Edges Up, Driven by Rebound in Aluminum Prices
[SMM Daily Review of Aluminum Alloy] Today, the ADC12 market edged up slightly, driven by the rebound in aluminum prices. Some enterprises raised their quotations by 100–200 yuan/mt, while others chose to hold prices temporarily steady and wait due to the pace of yesterday’s price adjustments or weak demand. In terms of transactions, downstream procurement still mainly met rigid demand, the market trading atmosphere showed no obvious improvement, and demand provided insufficient momentum.
Mar 27, 2026 13:40
Tin Prices Rebound in Resonance as Technical Repairs Combine With Expectations of a Temporary Easing in the Geopolitical Situation [SMM Tin Midday Commentary]
Mar 27, 2026 12:01
Tin Prices Rebound in Resonance as Technical Repairs Combine With Expectations of a Temporary Easing in the Geopolitical Situation [SMM Tin Midday Commentary]
Read More
Tin Prices Rebound in Resonance as Technical Repairs Combine With Expectations of a Temporary Easing in the Geopolitical Situation [SMM Tin Midday Commentary]
Tin Prices Rebound in Resonance as Technical Repairs Combine With Expectations of a Temporary Easing in the Geopolitical Situation [SMM Tin Midday Commentary]
[SMM Tin Midday Commentary: Technical Recovery Coupled with Expectations of a Temporary Easing in Geopolitical Tensions Drives a Rebound in Tin Prices]
Mar 27, 2026 12:01
North American copper scrap prices declined sharply on Index on 3rd May, 2017 - Shanghai Metals Market (SMM)