Market Update- 23rd Jan, 2015: Chinese copper scrap prices declined
The Chinese copper scrap prices extended their sharp decline on
BEIJING (Scrap Monster): The Chinese copper scrap prices extended their sharp decline on ScrapMonster Price Index as on Friday, January 23rd.
#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 31,800 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 50 per MT to touch CNY 26,150 per MT.
Copper Transformer scrap prices remained unchanged. Cu Yokes prices too remained flat.
Cu/Al Radiator scrap prices witnessed decline of CNY 50 per MT.
Harness Wire 35% Recovery prices witnessed no change over the day.
Heater Cores were down by CNY 100 per MT on Friday, January 23rd.
Meantime, Scrap Electric Motors and Sealed Units prices remained flat over the previous day.
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Scrap Metal Prices
Copper Scrap | ||
Alternator | 0.32 | $US/Lb |
#1 Copper Bare Bright | 3.75 | $US/Lb |
Aluminum Scrap | ||
356 Aluminum Wheels (Clean) | 0.73 | $US/Lb |
6061 Extrusions | 0.64 | $US/Lb |
Steel Scrap | ||
#1 Bundle | 460.00 | $US/MT |
#1 Busheling | 480.00 | $US/MT |
Electronics Scrap |