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Home / Metal News / Chinese Scrap Prices Mostly Declined on Index

Chinese Scrap Prices Mostly Declined on Index

Jun 11, 2014 16:46

Source:SMM

The Chinese scrap prices saw marginal decline on ScrapMonster Price Index as on Tuesday, June 10th. Most scrap prices inched lower.

BEIJING (Scrap Monster) : The Chinese scrap prices saw marginal decline on ScrapMonster Price Index as on Tuesday, June 10th. Most scrap prices inched lower.

#1 HMS prices remained unchanged at CNY 2,170 per MT. The price of #1 Bare Bright Copper Wire declined by CNY 400 per MT. #1 Copper and #2 Copper prices too declined by CNY 400 per MT.

201 Stainless Steel prices remained flat over the previous day. 304 Stainless Steel and 316 Stainless Steel prices too remained unchanged.

Al/Cu Radiator scrap prices declined by CNY 100 per MT to touch CNY 26,450 per MT.

Cast Iron Scrap prices witnessed no change in prices as on 10th June, 2014.

Nickel scrap prices declined by CNY 400 per MT to touch CNY 131,900 per MT.

Shred Stainless Steel and Soft Lead prices remained flat.

Shred Zinc prices alone witnessed an up move of CNY 50 per MT over the day.

chinese scrap price

HMS

Copper wire

Stainless steel

Al/Cu Radiator

Cast Iron

Nickel

Zinc

Soft Lead

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The output of stainless steel has increased since November as the power rationing has been eased. However, downstream producers’ consumption thinned, suppressing stainless steel prices. Stainless steel mills suffered losses as prices of raw material like ferrochrome and NPI were at high levels, in spite of correction. Especially, #200-series stainless steel prices have declined 2,900 yuan/mt or 22.3% since early November.

Dec 17, 2021 14:30

Analysis SMM Insight

The Demand for Ferrochrome Declined Further as Mills Reduced Production

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SMM Comments

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Industry

NDRC: To further release copper, aluminium, and zinc reserves, strictly penalise price bidding

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SMM Comments

SMM Morning Comments (Jul 16): Shanghai base metals rose across the board as jobless claims data helped

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SMM Comments

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SMM Comments

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Chinese Scrap Prices Mostly Declined on Index

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