Chinese Aluminum Scrap prices declined on Index

By Anil Mathews (ScrapMonster Author)

May 11, 2016 01:04:59 AM

BEIJING (Scrap Monster): The Chinese Aluminum scrap prices declined marginally on the Scrap Monster Price Index on May 10th, Tuesday.

6063 Extrusions witnessed a price decline of CNY 200 per MT over the previous day. Aluminum Ingots too dropped by CNY 200 per MT. The prices of Aluminum Radiators and Aluminum Transformers declined by CNY 100 per MT each. E.C Aluminum Wire prices dropped by CNY 200 per MT to touch CNY 11,950 per MT. Old Cast prices too witnessed a down move of CNY 200 per MT. The prices of Old Sheets saw a down move of CNY 200 per MT. UBC and Zorba 90% INF prices declined by CNY 100 per MT each from the previous day levels.

Meanwhile, Brass Radiator prices remained flat at CNY 29,300 per MT over the previous day. Red Brass and Yellow Brass prices too held steady.

Stainless steel scrap prices mostly declined during the day.

201 SS prices declined by CNY 100 per MT.

The prices of 304 SS Solid and 304 SS Turning too were down by CNY 100 per MT.

309 SS and 310 SS prices dropped by CNY 100 per MT and CNY 150 per MT respectively over the previous day.

316 SS Solid and Shred SS prices declined by CNY 100 per MT each on May 10th.