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Scrap Prices June 23, 2016 01:10:56 AM

Market Update- June 22nd, 2016: Chinese copper scrap prices soared higher

Anil Mathews
ScrapMonster Author
Chinese copper scrap prices rallied sharply on Wednesday, June 22nd.

Market Update- June 22nd, 2016: Chinese copper scrap prices soared higher

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp rise on ScrapMonster Price Index  as on Wednesday, June 22nd.

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 26,350 per MT. The price of #2 Insulated Copper Wire 50% Recovery went higher by CNY 100 per MT to touch CNY 22,550 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 100 and CNY 150 per MT respectively on Wednesday, June 22nd.

Meantime, Scrap Electric Motors and Sealed Units prices too were up by CNY 50 per MT over the previous day.

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