6th July, 2017-North American Scrap Metal Prices Remained Subdued on Index

Published: Jul 7, 2017 15:20
he North American copper scrap prices remained unchanged on ScrapMonster Price Index  as on July 6th, Thursday.

July 07, 2017 03:00:10 AM

TORONTO (Scrap Monster): The North American copper scrap prices remained unchanged on ScrapMonster Price Index  as on July 6th, Thursday. Aluminum and Steel scrap prices witnessed no change on Index. Copper and Stainless Steel scrap prices saw marginal decline, whereas Brass scrap and Bronze scrap prices held flat on Index over the previous day.

Copper Scrap Prices

The price of Alternator scrap remained unchanged over the previous day. The price of #1 Copper Wire and Tubing declined by $0.03 per Lb. #2 Copper Wire and Tubing prices were also down by $0.03 per Lb. The price of #1 Copper Bare Bright too went lower by $ 0.03 per Lb.

The prices of #1 Insulated Copper Wire 85% Recovery witnessed marginal decline of $0.01 per Lb over the previous day. #2 Insulated Copper Wire 50% Recovery prices were flat at $0.94 per Lb. #3 Copper-Light copper prices dropped by $0.03 per Lb to reach $2.22 per Lb.

The prices of Copper Radiator scrap remained flat. Copper Transformer Scrap prices remained unchanged. CuYokes prices too witnessed no change from the previous day. Cu/Al Radiator Ends witnessed no change over the previous day. Meanwhile, the prices of Cu/Al Radiators and Cu/Al Radiators/Fe held steady on July 6th, 2017.

Harness Wire 35% Recovery and Heater cores prices witnessed no change.

The price of Romex Wire remained unchanged when matched with the previous day.

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

Aluminum Scrap Prices

1100 Scrap prices remained flat over the day. The prices of 3003 Scrap too were flat at $0.64 per Lb. The prices of 356 Aluminum Wheels and 6063 Extrusions/Fe too were unchanged.

The prices of 6063 Extrusions held steady over the day.

Meantime, prices of 5052 Scrap and 6061 Extrusions remained flat at $0.61 per Lb and $0.59 per Lb respectively.

The prices of Al/Cu Radiators and Al/Cu Radiators/Fe remained flat. Aluminum Radiators and Aluminum Radiators/Fe prices held steady. Aluminum Transformers and Breakage 50% Recovery prices remained unchanged on 6th July, 2017.

Chrome Wheels and E.C Aluminum Wire prices remained flat over the day.

Litho Sheets and MLC Clips remained flat at $0.64 per Lb and $0.62 per Lb respectively.

Mixed Aluminum Turnings prices too remained unchanged.

The prices of Old Cast and UBC witnessed no change over the previous day.

Old Sheet, Painted Siding and Zorba 90% NF prices too held steady.

Steel Scrap Prices

#1 Bundle prices remained flat at $345 per MT.

The prices of #1 Busheling and #1 HMS too witnessed no change on 6th July, 2017.

HMS 80/20 prices held steady at $265 per MT.

Sheet Metal, Shredded Auto Scrap and Structural Steel also reported no change in prices when compared with the previous day.

Stainless Steel Scrap Prices

201 SS and 301 SS prices held steady.

304 SS Solid prices remained unchanged at $0.47 per Lb over the previous day. 309 SS prices too reported no change in prices.

304 SS Turning witnessed no variation in prices on 6th July, 2017.

310 SS and 330 SS prices declined marginally by $.01 per Lb each from the previous day.

Meantime, 316 SS Solid prices were flat at $0.67 per Lb.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in the North American region held steady on Index.

70/30 Brass Scrap, 80/20 Brass Scrap, 85/15 Brass Scrap and Brass Radiator scrap prices reported no change in prices on July 6th, 2017.

Brass Radiator /Fe and Brass Radiator Ends prices maintained the previous day price levels.

Red Brass, Red Borings and Yellow Brass prices too remained unchanged on Index.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Secondary Aluminum Industry Sees Sharp 11.4% Drop in Operating Rates Ahead of Chinese New Year Holiday
11 hours ago
Secondary Aluminum Industry Sees Sharp 11.4% Drop in Operating Rates Ahead of Chinese New Year Holiday
Read More
Secondary Aluminum Industry Sees Sharp 11.4% Drop in Operating Rates Ahead of Chinese New Year Holiday
Secondary Aluminum Industry Sees Sharp 11.4% Drop in Operating Rates Ahead of Chinese New Year Holiday
[SMM Aluminum Alloy Express] The operating rate of leading enterprises in the secondary aluminum industry fell sharply by 11.4 percentage points WoW this week. As the Chinese New Year holiday approached, secondary aluminum producers began shutting down furnaces and taking holidays starting from February 5. The scope of shutdowns continued to expand during the week, with large and medium-sized aluminum plants basically entering the holiday period around the 12th. Market shipments nearly came to a halt, and the industry's production pace slowed down significantly, with the operating rate quickly pulling back to a periodic low. It is expected that after the holiday, as enterprises gradually resume production, the operating rate will rebound noticeably. However, the initial recovery pace will
11 hours ago
SMM ADC12 Price Stable at 23,650 Yuan/mt as Market Enters Pre-Holiday Lull
11 hours ago
SMM ADC12 Price Stable at 23,650 Yuan/mt as Market Enters Pre-Holiday Lull
Read More
SMM ADC12 Price Stable at 23,650 Yuan/mt as Market Enters Pre-Holiday Lull
SMM ADC12 Price Stable at 23,650 Yuan/mt as Market Enters Pre-Holiday Lull
[SMM Aluminum Alloy Daily Report] SMM ADC12 price remained stable at 23,650 yuan/mt. Currently, upstream and downstream enterprises have entered the Chinese New Year holiday period one after another, most small and medium-sized secondary aluminum plants have shut down furnaces for the holiday, and large enterprises also arranged holidays starting today, with market shipments basically suspended. Against the backdrop of simultaneous cooling on both supply and demand sides, spot quotations and actual transactions significantly weakened, and the overall market entered a pre-holiday lull state.
11 hours ago
Gravita India to Acquire Rashtriya Metal Industries, Expanding into Copper Alloys
13 hours ago
Gravita India to Acquire Rashtriya Metal Industries, Expanding into Copper Alloys
Read More
Gravita India to Acquire Rashtriya Metal Industries, Expanding into Copper Alloys
Gravita India to Acquire Rashtriya Metal Industries, Expanding into Copper Alloys
Gravita India has agreed to acquire Rashtriya Metal Industries for roughly ₹800 crore, marking the company’s entry into the copper alloy segment and broadening its footprint beyond lead recycling into broader metal recycling and manufacturing.
13 hours ago