Chinese Aluminum and Stainless Steel Scrap prices tumbled on Index 2nd Nov, 2016

By Anil Mathews

BEIJING (Scrap Monster): The Chinese Aluminum scrap prices declined marginally on the Scrap Monster Price Index on November 2nd, Wednesday.

6063 Extrusions witnessed a price decline of CNY 500 per MT over the previous day. Aluminum Ingots too dropped by CNY 500 per MT. The prices of Aluminum Radiators and Aluminum Transformers declined by CNY 300 per MT each. E.C Aluminum Wire prices dropped by CNY 500 per MT to touch CNY 13,950 per MT. Old Cast prices too witnessed a down move of CNY 400 per MT. The prices of Old Sheets saw a down move of CNY 400 per MT. UBC and Zorba 90% INF prices declined by CNY 300 per MT each from the previous day levels.

Meanwhile, Brass Radiator prices declined by CNY 50 per MT over the previous day. Red Brass and Yellow Brass prices too dropped by CNY 50 per MT each.

Stainless steel scrap prices witnessed marginal decline on the Index.

201 SS prices were down by CNY 50 per MT to CNY 3,950 per MT.

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

309 SS prices registered down move of CNY 100 per MT.

310 SS prices were down by CNY 100 per MT on November 2nd, 2016.

316 SS Solid and Shred SS prices too declined by CNY 100 per MT and CNY 50 per MT respectively on the Index.