Chinese copper scrap prices record sharp rise on Index 18th Nov, 2016

By Anil Mathews

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp rise on ScrapMonster Price Index  as on Friday, November 18th.

The #1 Copper Bare Bright and #1 Copper Wire and Tubing saw price rise of CNY 500 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 500 per MT.

#1 Insulated Copper Wire 85% Recovery was up CNY 150 per MT to CNY 28,200 per MT. The price of #2 Insulated Copper Wire 50% Recovery went higher by CNY 100 per MT to touch CNY 23,750 per MT.

Copper Transformer scrap prices moved higher by CNY 50 per MT. An up move of CNY 50 per MT was witnessed in Cu Yokes.

Cu/Al Radiator prices increased by CNY 100 per MT over the previous day.

Harness Wire 35% Recovery and Heater Cores were up by CNY 50 and CNY 150 per MT respectively on Friday, November 18th.

Meantime, Scrap Electric Motors and Sealed Units witnessed no change in prices