Market Update- 30th May, 2016: Chinese copper scrap prices tumbled on Index

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index  as on Monday, May 30^th.

#1 Copper Bare Bright prices were down by CNY 200 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too tumbled by CNY 200 per MT each.

#1 Insulated Copper Wire 85% Recovery was down CNY 100 per MT to CNY 26,300 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 50 per MT to touch CNY 22,400 per MT.

Copper Transformer scrap prices held steady over the previous day. The price of Cu Yokes declined by CNY 50 per MT.

Cu/Al Radiator scrap prices witnessed decline of CNY 50 per MT.

Harness Wire 35% Recovery prices remained flat.

Heater Cores were down by CNY 100 per MT on Monday, May 30^th.

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

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