Author: Paul Ploumis10 Jun 2015 Last updated at 06:28:02 GMT
BEIJING (Scrap Monster): The Chinese Stainless Steel scrap prices mostly edged higher on ScrapMonster Price Index as on June 9th, Tuesday.
201 SS prices climbed higher by CNY 100 per MT to CNY 4,000 per MT.
304 SS Solid prices too increased by CNY 100 per MT over the previous day.
The price of 304 SS Turning witnessed a rise of CNY 100 per MT.
309 SS and 310 SS prices witnessed marginal increase of CNY 100 per MT each.
316 SS Solid scrap prices edged higher by CNY 150 per MT over the day on June 9th.
Shred SS prices increased by CNY 100 per MT to CNY 9,150 per MT.
Meantime, steel scrap prices edged higher slightly. The prices of #HMS scrap and Cast Iron scrap increased by CNY 20 per MT.
Shred Zinc scrap prices remained flat over the previous day.
![Rapid destocking of social inventory, along with the impact of typhoon expectations coupled with the backwardation structure, supports a steady SHFE copper premium [SMM Shanghai Spot Copper]](https://imgqn.smm.cn/usercenter/eFYDl20251217171712.jpg)
![Suppliers’ Strong Willingness to Hold Prices Firm, Spot Discounts in North China Rose Significantly during the Week [SMM North China Spot Copper Cathode Weekly Review]](https://imgqn.smm.cn/usercenter/HAuaN20251217171710.jpg)
![As of July 9, the social inventory of copper cathode dropped sharply by 34,900 mt [SMM weekly data]](https://imgqn.smm.cn/usercenter/JnFuh20251217171711.jpg)
