North American copper scrap prices declined sharply on Index 5th May, 2017

Published: May 8, 2017 14:27

Save

The North American copper scrap prices dropped heavily on Index on Friday, May 5th, 2017.

By Carolina Curiel

TORONTO (Scrap Monster): The North American copper scrap prices declined sharply on ScrapMonster Price Index as on May 5th, Friday.

Alternator prices were down marginally by $0.01 per Lb over the 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 edged lower by $0.01 per Lb each.

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

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.

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

27 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.

27 mins ago

31 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.

31 mins ago

40 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.

40 mins ago