Loading prices...
SEATTLE (Scrap Monster):The below report analyses the weekly price trends of scrap copper across various regional markets during the past week (15th September, 2023 to 21st September, 2023) on the Scrap Monster Price Index.
The copper scrap prices in the region displayed mixed trend.
The biggest dip in prices over the prior week was witnessed in #3 Copper- Light Copper, whose prices edged lower from $3.39 per Lb to $3.30 per Lb. The other copper scrap varieties to record notable decline in prices include #2 Copper Wire and Tubing and #1 Copper Wire and Tubing, which recorded price declines by 2.58% and 2.51% respectively.
The weekly price movement for #3 Copper- Light Copper is shown in the below graph:
The prices of Xmas Lights, Starters, Sealed Units, Scrap Electric Motors, Cu/Al Radiator/Fe, Cu/Al Radiator Ends, Cu Yokes, Copper Transformer Scrap, Alternator and Cu/Al Radiators witnessed no change on Scrap Monster Index.
The prices of most copper scrap categories witnessed decline in the region. #3 Copper- Light Copper prices recorded biggest drop over the week, recording decline from $3.39 per Lb to $3.30 per Lb. A modest dip by 2.58% and 2.51% was seen in #2 Copper Wire and Tubing and #1 Copper Wire and Tubing respectively over the week.
The scrap copper categories that recorded nominal decline in prices included #1 Insulated Copper Wire 85% Recovery, #2 Insulated Copper Wire 50% Recovery, Harness Wire 35% Recovery, Heater Cores, Romex Wire, Copper Radiators and #1 Copper Bare Bright.
The below chart displays the variation in prices of Heater Cores over the previous week:
The copper scrap prices in the region mostly edged lower over the previous week. The top three losers were #3 Copper- Light Copper, #2 Copper Wire and Tubing and #1 Copper Wire and Tubing.
The #3 Copper- Light Copper prices ended the week at $3.29 per Lb, down from the previous week price of $3.38 per Lb. Also, #2 Copper Wire and Tubing and #1 Copper Wire and Tubing prices declined over the previous week to close at $3.39 per Lb and $3.49 per Lb respectively.
#1 Insulated Copper Wire 85% Recovery posted the least decline over the week.
Meantime, Xmas Lights, Starters, Sealed Units, Scrap Electric Motors, Cu/Al Radiator/Fe, Cu/Al Radiator Ends, Cu Yokes, Copper Transformer Scrap, Alternator and Cu/Al Radiators witnessed no change on Index.
The copper scrap metal prices in the region was a mixed bag, with prices of most categories registering week-on-week decline. However a few copper scrap categories recorded stable prices.
The scrap category to fall the most was #3 Copper- Light Copper, whose prices recorded decline from $3.48 per Lb at the start of the week to $3.39 per Lb towards the end of the week. It was followed by #2 Copper Wire and Tubing and #1 Copper Wire and Tubing, which recorded price declines by 2.51% and 2.49% respectively.
Meantime, the prices of Xmas Lights, Starters, Sealed Units, Scrap Electric Motors, Cu/Al Radiator/Fe, Cu/Al Radiator Ends, Cu Yokes, Copper Transformer Scrap, Alternator and Cu/Al Radiators remained unchanged on Index.
The prices of all copper scrap categories witnessed weekly price decline, upon comparison with the prior week.
#2 Copper Wire and Tubing recorded sharpest declines during the previous week.
The #2 Copper Wire and Tubing prices edged lower from CNY 64,000 per MT to CNY 62,500 per MT each.
The weekly price chart of #2 Copper Wire and Tubing is provided below:
Also, #1 Copper Wire and Tubing reported decline in prices by CNY 1,500 per MT, from CNY 65,000 per MT during the start of the week to end the week at $63,500 per MT.
#1 Copper Bare Bright too reported 0.80% dip in prices over the week.
Harness Wire 35% Recovery and Cu Yokes recorded the least decline in prices over the week. The prices of these commodities inched lower by 0.59% each.
The scrap commodities in Indian market recorded decline from previous week price levels.
The copper sheet cutting prices dipped by INR 20,000 per Ton to INR 380,000 per Ton over the prior week.
The prices of Copper Armature, Copper cable scrap, Copper heavy scrap, Copper sheet cutting, Copper utensil scrap and Copper wire bars (HCL*) too witnessed notable decline during the week ended 21st September, 2023.
The weekly chart of Copper sheet cutting is provided below:
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 were stable during the course of the week.
The chart provided below depicts the weekly price change in Braziery Copper:
The closing price of LME Copper 3-Month contract stood at USD 8,170.00 per tonne as on 21st September, 2023. The LME Copper Cash Settlement contract edged lower marginally from $8,277.00 a day before to $8,101.00 per tonne.
The LME Copper stocks surged higher significantly over the previous day to close at 162,900 tonnes on 21st September, 2023, as compared with 155,700 tonnes on 20th September, 2023.
| Copper Scrap View All | |
| Alternator | 0.39 (0) |
| #1 Copper Bare Bright | 4.45 (0.01) |
| Aluminum Scrap View All | |
| 356 Aluminum Wheels (Clean) | 0.79 (0) |
| 6061 Extrusions | 0.69 (0) |
| Steel Scrap View All | |
| #1 Bundle | 360.00 (0) |
| #1 Busheling | 380.00 (0) |
| Electronics Scrap View All | |
MemberFull access to:
$49 USD/MONTH
