On Tuesday, September 14th, the Chinese copper scrap prices fell significantly on the Price Index. When compared to the previous day, the prices of stainless steel and aluminium declined on the Index. Scrap prices for brass and bronze were also substantially lower. Steel scrap prices, meanwhile, remained stable on the Index.
Copper Scrap Prices
Prices for #1 Copper Bare Bright were decreased by CNY 1,650 per MT from the previous day. The price of #1 Copper Wire and Tubing, as well as #2 Copper Wire and Tubing, both fell by CNY 1,650 per MT.
In comparison to the previous day, prices for #1 Insulated Copper Wire 85 percent Recovery have dropped by CNY 800 per MT. Over the previous day, the price of #2 Insulated Copper Wire 50 percent Recovery decreased by $500 per MT.
When compared to the previous day, Copper Transformer and Cu Yokes prices on Index fell by CNY 100 per MT each.
Prices for Harness Wire 35 percent Recovery fell by CNY 100 per MT the day before.
Scrap prices for Cu/Al radiators have dropped by CNY 500 per MT.
Aluminum Scrap Prices
Over the previous day, the price of 6063 Extrusions fell by CNY 1,200 per MT.
Aluminum ingots fell by CNY 1,200 per MT as well.
On the Index, the price of Aluminum Radiators and Aluminum Transformers fell by CNY 600 per MT.
On September 14th, 2021, E.C Aluminum Wire prices fell by CNY 1,200 per MT.
Prices for Old Cast and Old Sheet both fell by CNY 1,200 per MT.
On Index, UBC and Zorba 90 percent INF prices both decreased by CNY 600 per MT.
Steel Scrap Prices
#1 HMS prices held steady on 14th September, 2021.
Cast Iron Scrap too reported no change in prices.
Stainless Steel Scrap Prices
201 SS prices witnessed decline by CNY 150 per MT on Index.
304 SS Solid prices too were down by CNY 250 per MT over the previous day.
The price of 304 SS Turning dropped by CNY 250 per MT on Index.
309 SS and 310 SS prices were down by CNY 350 per MT and CNY 450 per MT respectively when compared with the prior day.
316 SS Solid scrap prices declined by CNY 350 per MT on September 14th, 2021.
Shred SS prices were down by CNY 250 per MT in prices over the day.
Brass/Bronze Scrap Prices
On the Index, China’s Brass/Bronze Scrap prices fell.
On September 14th, 2021, the price of brass radiator scrap dropped by CNY 100 per MT.
Prices for Red Brass and Yellow Brass both fell by CNY 150 per MT.