Steel scrap prices remained unchanged over the previous day. Copper, Brass and Bronze scrap prices recorded marginal decline. Aluminum and Stainless Steel scrap prices surged higher from the previous day.
Copper Scrap Prices
The #1 Copper Bare Bright and #1 Copper Wire and Tubing saw price decline of CNY 400 per MT each.
The price of #2 Copper Wire and Tubing also decreased by CNY 400 per MT.
#1 Insulated Copper Wire 85% Recovery prices have dropped by CNY 200 per MT on Index. The price of #2 Insulated Copper Wire 50% Recovery prices saw a decline by CNY 100 per MT over the previous day.
Copper Transformer scrap prices held steady on Index.
Cu Yokes scrap prices dropped by CNY 50 per MT each over the previous day.
Cu/Al Radiator prices inched lower by CNY 100 per MT on Index.
Harness Wire 35% Recovery prices dipped by CNY 50 per MT on Friday, October 29th, 2021.
Also, Heater Cores recorded decline by CNY 100 per MT.
Scrap Electric Motors and Sealed Units prices witnessed no change on Index.
Aluminum Scrap Prices
6063 Extrusions prices inched higher by CNY 50 per MT over the previous day.
Aluminum Ingots too were up by CNY 50 per MT.
The prices of Aluminum Radiators and Aluminum Transformers saw no variation.
E.C Aluminum Wire prices increased by CNY 50 per MT.
Old Cast and Old Sheet prices too were up by CNY 50 per MT on 29th October, 2021.
The prices of UBC and Zorba 90% INF saw no change from the previous day.
Steel Scrap Prices
#1 HMS prices held steady on 29th October, 2021.
Cast Iron Scrap reported no change in prices.
Stainless Steel Scrap Prices
201 SS prices were unchanged on Index.
304 SS Solid prices too remained flat over the previous day.
The price of 304 SS Turning saw no change on Index.
309 SS and 316 SS prices increased by CNY 50 per MT when compared with the prior day.
310 SS Solid scrap prices were up by CNY 50 per MT on October 29th, 2021.
Shred SS prices too saw no variation in prices over the day.
Brass/Bronze Scrap Prices
The Brass/Bronze Scrap prices in China declined marginally on Index.
Brass Radiator scrap prices witnessed no change on October 29th, 2021.
Red Brass and Yellow Brass prices were down by CNY 50 per MT on Index.
Source By – ScrapMonster