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Scrap Prices June 28, 2016 01:10:06 AM

27th June, 2016: Chinese copper scrap prices surged higher on Index

Anil Mathews
ScrapMonster Author
Chinese copper scrap prices rallied sharply on Monday, 27th June.

27th June, 2016: Chinese copper scrap prices surged higher on Index

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp rise on ScrapMonster Price Index  as on Monday, June 27th.

The #1 Copper Bare Bright and #1 Copper Wire and Tubing saw price rise of CNY 700 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 700 per MT.

#1 Insulated Copper Wire 85% Recovery was up CNY 250 per MT to CNY 26,450 per MT. The price of #2 Insulated Copper Wire 50% Recovery went higher by CNY 200 per MT to touch CNY 22,650 per MT.

Copper Transformer scrap prices moved higher by CNY 100 per MT. An up move of CNY 100 per MT was witnessed in Cu Yokes.

Cu/Al Radiator prices increased by CNY 200 per MT over the previous day.

Harness Wire 35% Recovery and Heater Cores were up by CNY 100 and CNY 200 per MT respectively on Monday, June 27th.

Meantime, Scrap Electric Motors and Sealed Units saw price increase of CNY 50 per MT each over the previous day.

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