The LME Copper Cash Settlement contract prices decreased marginally from $9,766.00 a day before to $9,702.50 per tonne.
SEATTLE (Scrap Monster):The below report analyses the weekly price trends of scrap copper across various regional markets during the past week (March 7 to March 13, 2025) on the Scrap Monster Price Index.
The copper scrap prices in the region recorded increase across the board. The only exception was Cu/Al Radiator Ends, whose prices held steady on the Index.
The biggest increase in prices over the prior week was witnessed in #3 Copper- Light Copper, whose prices edged higher by 4.69% from $4.26 per Lb to $4.46 per Lb. The weekly price movement for #3 Copper- Light Copper scrap is shown in the below graph:
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 weekly jump in prices by 4.59% and 4.48% respectively.
The prices of $1 Copper Bare Bright, Harness Wire 35% Recovery, and #2 Insulated Copper Wire 50% Recovery were up by 4.39%, 4.07% and 3.83% respectively.
Also, the prices of all other copper scrap commodities in the region recorded increase over the prior week.
The prices of all copper scrap categories in the region, except Cu/Al Radiator Ends witnessed notable jump in prices. #3 Copper- Light Copper prices posted the biggest increase over the week, recording jump of 4.69% from $4.26 per Lb to $4.46 per Lb.
#2 Copper Wire and Tubing prices were up by 4.59% over the week, rising from $4.36 per Lb to $4.56 per Lb.
The variation in prices over the week for #2 Copper Wire and Tubing is given in the below chart:
A modest increase in prices were seen in #1 Copper Wire and Tubing, $1 Copper Bare Bright, Harness Wire 35% Recovery, and #2 Insulated Copper Wire 50% Recovery.
The other scrap copper categories that recorded noteworthy increase in prices included Romex Wire, #1 Insulated Copper Wire 85% Recovery, and Xmas Lights.
The least jump in prices was seen in Cu Yokes, whose prices edged higher by 1.05%.
The copper scrap prices in the region recorded increase across the board. The only scrap category to hold on to its prior week’s prices was Cu/Al Radiator Ends.
The biggest jump in prices over the prior week was witnessed in #3 Copper- Light Copper, whose prices edged higher from $4.26 per Lb to $4.46 per Lb, recording week-on-week increase of 4.81%.
The other copper scrap varieties to record notable increase in prices include #2 Copper Wire and Tubing and #1 Copper Wire and Tubing. #2 Copper Wire and Tubing prices surged by 4.69% during the week. The #1 Copper Wire and Tubing prices were up from $4.36 per Lb to $4.56 per Lb, recording a jump of 4.59%.
A notable increase in prices was seen in $1 Copper Bare Bright, Harness Wire 35% Recovery, and #2 Insulated Copper Wire 50% Recovery.
The rest of the regional copper scrap categories also reported week-on-week jump in prices.
The copper scrap metal prices in the region witnessed noticeable jump week-on-week.
The scrap categories to record biggest increase in prices from the previous week were #3 Copper- Light Copper, #2 Copper Wire and Tubing and #1 Copper Wire and Tubing.
Also, $1 Copper Bare Bright, Harness Wire 35% Recovery, and #2 Insulated Copper Wire 50% Recovery recorded modest positive price variation during the week.
The prices of #1 Insulated Copper Wire 85% Recovery and Xmas Lights also increased.
Meanwhile, marginal week-on-week increase in prices was reported in Copper Radiators, Romex Wire, Cu/Al Radiators, Cu/Al Radiators/Fe, Heater Cores, Alternator, Copper Transformer Scrap, Cu Yokes, Scrap Electric Motors, Sealed Units and Starters.
All copper scrap categories in the region witnessed weekly price increases.
#1 Insulated Copper Wire 85% Recovery recorded the biggest jump in prices during the previous week.
The #1 Insulated Copper Wire 85% Recovery prices edged higher from CNY 37,950 per MT to CNY 38,500 per MT each.
The weekly price chart of #1 Insulated Copper Wire 85% Recovery is provided below:
Heater Cores reported increase in prices by CNY 450 per MT, from CNY 31,200 per MT during the start of the week to end at $31,650 per MT.
#2 Copper Wire and Tubing also reported 1.38% jump in prices over the week.
In the meantime, #1 Copper Bare Bright, #1 Copper Wire and Tubing, Cu/Al Radiators, #2 Insulated Copper Wire 50% Recovery, Copper Transformer Scrap, Cu Yokes, Harness Wire 35% Recovery, Scrap Electric Motors, and Sealed Units prices also recorded marginal jump on the Index.
The scrap commodities in Indian market saw their prices edge higher over the prior week.
The copper sheet cutting scrap prices were up by INR 8,000 per ton over the previous week to close at INR 462,000 per ton on March 13, 2025 on the Scrap Monster Index. The weekly chart of the commodity is provided below:
The prices of Copper Armature, Copper cable scrap, Copper heavy scrap, Copper utensil scrap and Copper wire bars also increased during the week ended March 13, 2025.
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.
The chart given below depicts the weekly price movement in Braziery Copper:
LME Copper Market Update
Meantime, the closing price of LME Copper 3-Month contract stood at USD 9,734.00 per tonne as on March 13, 2025. The LME Copper Cash Settlement contract prices decreased marginally from $9,766.00 a day before to $9,702.50 per tonne.
The LME Copper stocks saw modest decline over the previous day to close at 237,200 tonnes on March 13, 2025, as compared with 240,325 tonnes on March 12, 2025.
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