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Scrap Prices November 27, 2014 12:20:08 AM

Market Update- 26th Nov, 2014: Chinese copper scrap prices collapsed

Paul Ploumis
ScrapMonster Author
The Chinese copper scrap prices witnessed sharp downfall on Wednesday, November 26th

Market Update- 26th Nov, 2014: Chinese copper scrap prices collapsed

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index  as on Wednesday, November 26th.

#1 Copper Bare Bright prices were down by CNY 600 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too tumbled by CNY 600 per MT each.

#1 Insulated Copper Wire 85% Recovery was down CNY 200 per MT to CNY 32,150 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 100 per MT to touch CNY 26,250 per MT.

Copper Transformer scrap prices declined by CNY 50 per MT. A similar fall of CNY 50 per MT was witnessed in Cu Yokes.

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

Harness Wire 35% Recovery and Heater Cores were down CNY 50 and CNY 200 per MT respectively on Wednesday, November 26th.

Meantime, Scrap Electric Motors and Sealed Units prices declined by CNY 50 per MT each over the previous day.

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