Chinese copper scrap prices declined strongly on Index 18th May, 2017

By Carolina Curiel

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index  as on Thursday, May 18th.

#1 Copper Bare Bright prices were down by CNY 400 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too tumbled by CNY 400 per MT each.

#1 Insulated Copper Wire 85% Recovery was down CNY 150 per MT to CNY 26,800 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 100 per MT to touch CNY 23,000 per MT.

Copper Transformer scrap prices reported marginal downfall of CNY 50 per MT over the previous day. The price of Cu Yokes too was down by CNY 50 per MT.

Cu/Al Radiator scrap prices witnessed decline of CNY 100 per MT.

Harness Wire 35% Recovery prices declined marginally by CNY 50 per MT.

Heater Cores were down by CNY 150 per MT on Thursday, May 18th.

Meantime, Scrap Electric Motors and Sealed Units prices remained flat over the previous day.