Copper Scrap Prices: Weekly Market Report- February 7, 2025

SEATTLE (Scrap Monster):The below report analyses the weekly price trends of scrap copper across various regional markets during the past week (January 31 to February 6, 2025) on the Scrap Monster Price Index.

North America Prices

The copper scrap prices in the region recorded mixed trend, when matched with the week before that. The prices of majority of the commodities edged higher, while the remaining maintained prior week’s price levels.

The biggest increase in prices over the prior week was witnessed in #3 Copper-Light Copper, whose prices edged higher from $3.82 per Lb to $4.00 per Lb. The other copper scrap varieties to record notable increase in prices include #2 Copper Wire and Tubing and #1 Copper Wire and Tubing, which recorded price increases by 4.59% and 4.48% respectively.

The weekly price movement for #3 Copper-Light Copper is shown in the below chart:

The other copper scrap categories to witness jump in prices include #1 Copper Bare Bright, Copper Radiators, #1 Insulated Copper Wire 85% Recovery, #2 Insulated Copper Wire 50% Recovery, Romex Wire, Harness Wire 35% Recovery, Heater Cores, Alternator, Copper Transformer Scrap, Cu Yokes, Scrap Electric Motors, Sealed Units, Starters, and Xmas Lights.

The rest of the copper scrap categories held steady on the Index during the week ended February 6, 2025.

USA East Coast Prices

The prices of most copper scrap categories witnessed notable jump in the region. #3 Copper-Light Copper prices posted the biggest increase over the week.

The prices of #2 Copper Wire and Tubing and #1 Copper Wire and Tubing too increased significantly over the week.

The weekly price chart of #2 Copper Wire and Tubing is provided below:

Also, the prices of #1 Copper Bare Bright, Copper Radiators, #1 Insulated Copper Wire 85% Recovery, #2 Insulated Copper Wire 50% Recovery, Romex Wire, Harness Wire 35% Recovery, Heater Cores, Alternator, Copper Transformer Scrap, Cu Yokes, Scrap Electric Motors, Sealed Units, Starters, and Xmas Lights recorded increase as of the week ended February 6, 2025.

Meanwhile, Cu/Al Radiators, Cu/Al Radiator Ends, and Cu/Al Radiators/Fe held steady over the previous week.

USA Midwest Prices

The copper scrap prices in the region witnessed mixed trend, when matched with the week before that. The prices of majority of the commodities edged higher.

The largest increase in prices over the prior week was witnessed in #3 Copper-Light Copper, whose prices edged higher from $3.72 per Lb to $3.90 per Lb. The other copper scrap varieties to record notable increase in prices include #2 Copper Wire and Tubing and #1 Copper Wire and Tubing, which recorded price increases by 4.71% and 4.59% respectively.

The prices of #1 Copper Bare Bright, Copper Radiators, #1 Insulated Copper Wire 85% Recovery, #2 Insulated Copper Wire 50% Recovery, Romex Wire, Harness Wire 35% Recovery, Heater Cores, Alternator, Copper Transformer Scrap, Cu Yokes, Scrap Electric Motors, Sealed Units, Starters, and Xmas Lights witnessed increase week-on-week.

The weekly price movement for Romex Wire is shown in the below chart:

USA West Coast Prices

The prices of most copper scrap categories witnessed notable jump in the region. #3 Copper-Light Copper prices posted the biggest increase over the week.

The prices of #2 Copper Wire and Tubing and #1 Copper Wire and Tubing too increased significantly over the week.

Also, the prices of #1 Copper Bare Bright, Copper Radiators, #1 Insulated Copper Wire 85% Recovery, #2 Insulated Copper Wire 50% Recovery, Romex Wire, Harness Wire 35% Recovery, Heater Cores, Alternator, Copper Transformer Scrap, Cu Yokes, Scrap Electric Motors, Sealed Units, Starters, and Xmas Lights recorded increase during the week.

In contrast, Cu/Al Radiators, Cu/Al Radiator Ends, and Cu/Al Radiators/Fe witnessed no change in prices during the previous week.

China Prices

The copper scrap prices recorded increase over the previous week.

Heater Cores prices edged higher by 1.5% week-on-week to close at CNY 30,450 per MT during the week. The weekly price chart of the commodity for the week ending February 6, 2025 is given below:

The prices of #2 Copper Wire and Tubing also were up by 1.29%, when compared with the week before.

The #1 Copper Wire and Tubing prices recorded increase, rising from the previous week by 1.27% as of February 6, 2025.

All the other commodities such as #1 Copper Bare Bright, #1 Insulated Copper Wire 85% Recovery, Cu/Al Radiators, #2 Insulated Copper Wire 50% Recovery, Copper Transformer Scrap, Cu Yokes, Harness Wire 35% Recovery, Scrap Electric Motors, and Sealed Units also reported marginal increase in prices on the Index.

India Prices

The scrap commodities in Indian market recorded decline, upon comparison with the previous week.

The copper heavy scrap and copper armeture scrap prices recorded decline, with the prices of both commodities recording decline by 0.71%. The weekly chart depicting the price movement in Copper armeture is provided below:

The prices of copper cable scrap and copper utensil scrap also inched lower on the Scrap Monster Index by 0.71% each. 

The Copper sheet cutting prices recorded week-on-week decline by 1.4%.

Also, the prices of Copper wire bars (HCL *) decreased by 0.7% during the week ending February 6, 2025.

Europe Prices

The prices of all copper scrap commodities such as #1 Copper Bare Bright, #1 Copper Wire and Tubing, #1 Insulated Copper Wire 85% Recovery, #2 Copper Wire and Tubing, Braziery Copper, Copper Dry Bright, Copper radiators and Copper Tubes held steady during the course of the week.

LME Copper Market Update

The closing price of LME Copper 3-Month contract stood at USD 9,285.50 per tonne as of February 6, 2025. The LME Copper Cash Settlement contract prices increased marginally from $9,025.00 a day before to $9,165.00 per tonne.

The LME Copper stocks saw marginal decline over the previous day to close at 249,275 tonnes of February 6, 2025, when compared with 252,325 tonnes a day before.

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