Chinese copper scrap prices dropped sharply on Sep 29, 2015

By  Paul Ploumis 30 Sep 2015  Last updated at  04:01:28 GMT

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index  as on Tuesday, September 29th.

#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 200 per MT to CNY 28,100 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 100 per MT to touch CNY 24,150 per MT.

Copper Transformer scrap prices too declined by CNY 50 per MT over the previous day. The prices of Cu Yokes too declined by CNY 100 per MT.

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

Harness Wire 35% Recovery and Heater Cores were down CNY 100 and CNY 200 per MT respectively on Tuesday, September 29th.

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