By Anil Mathews (ScrapMonster Author)

August 17, 2016 08:56:12 PM

BEIJING (Scrap Monster): The Chinese Aluminum scrap prices declined marginally on the Scrap Monster Price Index on August 16th, Tuesday.

6063 Extrusions witnessed a price decline of CNY 100 per MT over the previous day. Aluminum Ingots too dropped by CNY 100 per MT. The prices of Aluminum Radiators declined by CNY 50 per MT. Aluminum Transformer scrap prices remained flat on Index. E.C Aluminum Wire prices dropped by CNY 100 per MT to touch CNY 12,450 per MT. Old Cast prices too witnessed a down move of CNY 100 per MT. The prices of 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 remained flat at CNY 29,550 per MT over the previous day. Red Brass and Yellow Brass prices too held steady.

Stainless steel scrap prices remained flat on the Index.

201 SS prices held steady at CNY 3,850 per MT.

The prices of 304 SS Solid, 304 SS Turning and 309 SS remained unchanged.

310 SS prices remained flat on August 16th, 2016.

316 SS Solid and Shred SS prices too remained unchanged on the Index.