Market Update- Chinese copper scrap prices rise marginally 16th May, 2016

By Anil Mathews (ScrapMonster Author)

May 17, 2016 01:20:14 AM

BEIJING (Scrap Monster):  The Chinese copper scrap prices ended marginally higher onScrapMonster Price Index  as on Monday, May 16th.

The #1 Copper Bare Bright and #1 Copper Wire and Tubing saw price rise of CNY 200 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 200 per MT.

#1 Insulated Copper Wire 85% Recovery prices increased slightly by CNY 100 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery remained flat when compared with the day before.

Copper Transformer scrap prices saw no variation in prices over the previous day. No price-change was witnessed in Cu Yokes.

Cu/Al Radiator prices held steady over the previous day.

Harness Wire 35% Recovery prices held steady on Monday, May 16th.

Also, Heater Cores, Scrap Electric Motors and Sealed Units prices remained unchanged.