2nd December, 2016: Chinese copper scrap prices declined sharply on Index

Chinese copper scrap prices dropped sharply on Scrap Monster Price Index on December 2nd, 2016.

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index  as on Friday, December 2^nd.

#1 Copper Bare Bright prices were down by CNY 500 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too tumbled by CNY 500 per MT each.

#1 Insulated Copper Wire 85% Recovery was down CNY 150 per MT to CNY 28,800 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 100 per MT to touch CNY 24,150 per MT.

Copper Transformer scrap prices dropped by CNY 50 per MT over the previous day. The price of Cu Yokes too has declined by CNY 50 per MT.

Cu/Al Radiator scrap prices witnessed decline of CNY 100 per MT.

Harness Wire 35% Recovery prices declined marginally by CNY 100 per MT.

Heater Cores were down by CNY 150 per MT on Friday, December 2^nd.

Meantime, Scrap Electric Motors and Sealed Units prices remained unchanged over the previous day.

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