By Paul Ploumis 03 Aug 2015 Last updated at 05:33:52 GMT
BEIJING (Scrap Monster) : The Chinese Aluminum scrap prices declined marginally on the Scrap Monster Price Index on July 31st, Friday.
6063 Extrusions witnessed a price decline of CNY 150 per MT over the previous day. Aluminum Ingots and Transformers prices declined by CNY 150 per MT and CNY 100 per MT respectively. E.C Aluminum Wire prices dropped by CNY 150 per MT to touch CNY 12,000 per MT. Old Cast prices too witnessed a down move of CNY 100 per MT. The prices of Aluminum Radiators and Old Sheets saw a down move of CNY 100 per MT. UBC and Zorba 90% INF prices declined by CNY 100 per MT each from the previous day levels.
Meanwhile, Brass Radiator prices too declined on the Index. The prices dropped by CNY 50 per Lb to CNY 30,700 per MT over the previous day. Red Brass and Yellow Brass prices dropped by CNY 50 per Lb over the previous day.
Meantime, Stainless steel scrap prices too witnessed marginal decline during the day.
201 SS prices remained flat.
The prices of 304 SS Solid and 304 SS Turning dropped by CNY 50 per MT.
309 SS and 310 SS prices too declined by CNY 50 per MT and CNY 100 per MT respectively over the previous day.
316 SS Solid and Shred SS prices declined by CNY 50 each on July 31st