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Chinese Aluminum Scrap prices fall sharply on Index 5th Sep, 2016

iconSep 6, 2016 14:48
Source:SMM
The Chinese Aluminum scrap market remained weak. Brass scrap prices remained flat on September 5th, 2016.

By Anil Mathews (ScrapMonster Author)

September 06, 2016 02:00:40 AM

BEIJING (Scrap Monster): The Chinese Aluminum scrap prices declined marginally on the Scrap Monster Price Index on September 5th, Monday.

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 150 per MT and CNY 100 per MT respectively. E.C Aluminum Wire prices dropped by CNY 200 per MT to touch CNY 12,250 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 29,450 per MT over the previous day. Red Brass and Yellow Brass prices too held steady.

Stainless steel scrap prices witnessed marginal rise on the Index.

201 SS prices went higher by CNY 50 per MT to CNY 3,800 per MT.

The prices of 304 SS Solid, 304 SS Turning and 309 SS increased marginally by CNY 50 per MT each.

310 SS prices were up by CNY 50 per MT on September 5th, 2016.

316 SS Solid and Shred SS prices too rose by CNY 50 per MT each on the Index.

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Chinese Aluminum scrap prices

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