Market Update- 20th Oct, 2014: Chinese copper scrap prices on the rise

BEIJING (Scrap Monster) :  The Chinese  copper scrap prices witnessed sharp rise on ScrapMonster Price Index  as on Monday, October 20^th.

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 was up CNY 100 per MT to CNY 32,000 per MT. The price of #2 Insulated Copper Wire 50% Recovery went higher by CNY 100 per MT to touch CNY 26,200 per MT.

Copper Transformer scrap prices moved higher by CNY 50 per MT. A similar 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 100 per MT respectively on Monday, October 20^th.

Meantime, Scrap Electric Motors and Sealed Units prices remained unchanged from the previous day.

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