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Commodities

China Scrap Metal Prices Plummet Amidst Widespread Downturn

Guavy AI Editorial Team
Instruments
Copper
Share

The scrap metal market in China is experiencing a downturn across several sectors.

Copper scrap prices have dropped significantly, with #1 Copper Bare Bright and #1 Copper Wire and Tubing each falling by CNY 800 per metric ton.

#2 Copper Wire and Tubing also saw a decline of CNY 800 per metric ton, while #1 Insulated Copper Wire (85% Recovery) decreased by CNY 400 per metric ton.

Copper Transformer Scrap and Cu Yokes remained unchanged on the Index, but Harness Wire 35% Recovery fell by CNY 50 per metric ton.

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