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Chinese Scrap Metal Prices Witnessed Notable Surge on Index

Brass, Bronze, Stainless Steel and Copper Scrap prices too were up from the previous day. Meantime, Steel scrap prices held steady.

Copper Scrap Prices

The #1 Copper Bare Bright prices were up by CNY 800 per MT.

#1 Copper Wire and Tubing saw price rise of CNY 800 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 800 per MT.

#1 Insulated Copper Wire 85% Recovery prices were up by CNY 1400 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery too surged higher by CNY 150 per MT when compared with the day before.

Copper Transformer scrap and Cu Yokes prices edged higher by CNY 50 per MT on Index.

Cu/Al Radiator and Heater Cores prices inched higher by CNY 150 per MT and CNY 300 per MT respectively.

Harness Wire 35% Recovery prices inched higher by CNY 50 per MT on Friday, October 8th.

Also, Scrap Electric Motors and Sealed Units prices were up by CNY 50 per MT on Index.

Aluminum Scrap Prices

6063 Extrusions witnessed a rise of CNY 200 per MT over the previous day.

Aluminum Ingots prices too were up by CNY 200 per MT.

Aluminum Radiators and Aluminum Transformers edged higher by CNY 100 per MT each on Index.

E.C Aluminum Wire prices inched higher by CNY 200 per MT.

Old Cast and Old Sheet prices jumped higher by CNY 200 per MT each on October 8th, 2021.

Meantime, UBC and Zorba 90% NF prices surged higher by CNY 100 per MT each on Index.

Steel Scrap Prices

#1 HMS prices held steady on 8th October, 2021.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were up by CNY 100 per MT on Index.

304 SS Solid prices too reported a rise by CNY 100 per MT over the previous day.

The price of 304 SS Turning saw an increase of CNY 150 per MT on Index.

309 SS and 316 SS prices edged higher by CNY 200 per MT when compared with the prior day.

310 SS Solid scrap prices were up by CNY 250 per MT on October 8th, 2021.

Shred SS prices too increased by CNY 150 per MT over the day.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China recorded modest rise from the previous day.

Brass Radiator scrap prices inched higher by CNY 100 per MT on October 8th, 2021.

Red Brass and Yellow Brass prices were up by CNY 150 per MT each on Index.

Source By – ScrapMonster

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