Chinese Scrap Metal Prices Remain Weak on Wednesday, June 21, 2017

Published: Jun 23, 2017 09:49

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#2 Insulated Copper Wire 50% Recovery prices were down by CNY 100 per MT at CNY 22,900 per MT.

BEIJING (Scrap Monster): The Chinese copper scrap prices witnessed downfall on ScrapMonster Price Index as on June 21^st, Wednesday. Aluminum and Stainless Steel scrap prices too declined. Meantime, Steel scrap prices remained unchanged over the previous day. Brass scrap and Bronze scrap prices recorded marginal decline when compared with the day before.

Copper Scrap Prices

The #1 Copper Bare Bright price declined by CNY 300 per MT.

The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing were also down by CNY 300 per MT.

The prices of #1 Insulated Copper Wire 85% Recovery witnessed marginal decline of CNY 100 per MT over the previous day. #2 Insulated Copper Wire 50% Recovery prices were down by CNY 100 per MT at CNY 22,900 per MT.

Copper Transformer Scrap prices remained unchanged on June 21^st, 2017.

Cu Yokes and Harness Wire 35% Recovery prices dropped by CNY 50 per MT each from the previous day.

Cu/Al Radiators and Heater cores fell by CNY 100 per MT each.

The prices of Scrap Electric Motors and Sealed units maintained the previous day price levels.

Aluminum Scrap Prices

The prices of 6063 Extrusions witnessed decline of CNY 100 per MT. Aluminum Ingots were down by CNY 100 per MT.

Meantime, prices of Aluminum Radiators and Aluminum Transformers slipped marginally by CNY 50 per MT each on June 21^st, 2017.

The prices of E.C Aluminum Wire, Old Cast and Old Sheet recorded decline of CNY 100 per MT each when matched with the prior day.

UBC and Zorba 90% NF prices too were down by CNY 100 per MT.

Steel Scrap Prices

#1 HMS prices held steady at CNY 1,630 per MT on 21^st June, 2017.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS and 304 SS Solid prices declined by CNY 100 per MT.

304 SS Turning too dropped by CNY 100 per MT.

309 SS and 310 SS prices were down by CNY 150 per MT and CNY 250 per MT respectively on June 21^st, 2017.

Meantime, 316 SS Solid and Shred SS prices saw cut of CNY 150 per MT and CNY 100 per MT respectively.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China declined slightly on Index.

Brass Radiator scrap prices declined by CNY 50 per MT to touch CNY 29,800 per MT on June 21^st, 2017.

Red Brass and Yellow Brass prices too were down by CNY 50 per MT each.

Scrap Metal

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