Market Update- 8th August, 2016: Chinese copper scrap prices declined

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Published on August 09,2016 08:56 AM Scrap Metals

Chinese copper scrap prices declined marginally on Scrap Monster Price Index on Monday, August 8th.

BEIJING (Scrap Monster): The Chinese copper scrap prices witnessed marginal downfall onScrapMonster Price Index as on Monday, August 8th.

#1 Copper Bare Bright prices were down by CNY 50 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too dropped by CNY 50 per MT each.

#1 Insulated Copper Wire 85% Recovery prices remained unchanged at CNY 26,900 per MT. The price of #2 Insulated Copper Wire 50% Recovery remained unchanged over the previous day.

Copper Transformer and Cu Yokes prices remained flat over the previous day.

Cu/Al Radiator scrap prices too held steady over the day. Harness Wire 35% Recovery prices held steady.

Heater Cores prices remained flat on Monday, August 8th.

Meantime, Scrap Electric Motors and Sealed Units prices remained unchanged when compared with the previous day.

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