Market Update- 18th Aug, 2014: Chinese copper scrap prices collapse
The Chinese copper scrap prices witnessed sharp downfall on Monday, August 14th
BEIJING (Scrap Monster) : The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index as on Monday, August 14th.
#1 Insulated Copper Wire 85% Recovery was down CNY 250 per MT to CNY 33,400 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 100 per MT to touch CNY 26,700 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.
Harness Wire 35% Recovery and Heater Cores were down CNY 50 and CNY 100 per MT respectively on Monday, August 14th .
Meantime, Scrap Electric Motors and Sealed Units prices remained unchanged from the previous day.
Scrap Metal Prices
Copper Scrap | ||
Alternator | 0.32 | $US/Lb |
#1 Copper Bare Bright | 3.67 | $US/Lb |
Aluminum Scrap | ||
356 Aluminum Wheels (Clean) | 0.72 | $US/Lb |
6061 Extrusions | 0.63 | $US/Lb |
Steel Scrap | ||
#1 Bundle | 460.00 | $US/MT |
#1 Busheling | 480.00 | $US/MT |
Electronics Scrap |