Market Update- 2nd Mar, 2015: Chinese copper scrap prices surge
The Chinese copper scrap prices witnessed sharp rise on
BEIJING (Scrap Monster): The Chinese copper scrap prices witnessed sharp rise on ScrapMonster Price Index as on Monday, March 2nd.
The #1 Copper Bare Bright and #1 Copper Wire and Tubing saw price rise of CNY 400 per MT each.
The price of #2 Copper Wire and Tubing also increased by CNY 400 per MT.
#1 Insulated Copper Wire 85% Recovery was up CNY 200 per MT to CNY 31,200 per MT. The price of #2 Insulated Copper Wire 50% Recovery went higher by CNY 100 per MT to touch CNY 25,900 per MT.
Copper Transformer scrap prices moved higher by CNY 50 per MT. A similar 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 50 and CNY 100 per MT respectively on Monday, March 2nd.
Meantime, Scrap Electric Motors and Sealed Units remained unchanged from the previous day.
Scrap Metal Prices
| Copper Scrap | ||
| Alternator | 0.32 | $US/Lb |
| #1 Copper Bare Bright | 3.72 | $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 | ||