By Paul Ploumis 17 Sep 2015 Last updated at 05:57:22 GMT
The Chinese Scrap Aluminum market rebounded on Wednesday, September 16th. However, Stainless Steel scrap prices remained unchanged.
BEIJING (Scrap Monster): The Chinese Aluminum scrap prices increased marginally on the Scrap Monster Price Index on Sep 16th, Wednesday.
6063 Extrusions witnessed a rise of CNY 100 per MT over the previous day. Aluminum Radiators and Transformers prices increased by CNY 100 per MT each. E.C Aluminum Wire prices jumped higher by CNY 100 per MT to touch CNY 11,850 per MT. Old Cast prices too appreciated by CNY 100 per MT. The prices of Aluminum Radiators and Old Sheet saw marginal rise of CNY 100 per MT each. UBC and Zorba 90% INF prices went higher by CNY 100 per MT each.
Meanwhile, Brass Radiator prices were up by CNY 200 per MT to CNY 30,900 per MT over the previous day. Red Brass and Yellow Brass prices too increased by CNY 200 per MT over the previous day.
Stainless steel scrap prices mostly remained flat on the Index.
201 SS prices remained unchanged at CNY 3,800 per MT.
The prices of 304 SS Solid and 304 SS Turning too held steady.
309 SS, 310 SS and Shred SS prices too witnessed no change from the previous day on Sep 16th, 2015.
316 SS Solid prices remained flat.