By Anil Mathews
BEIJING (Scrap Monster): The Chinese copper scrap prices declined on ScrapMonster Price Index as on Thursday, July 20th, 2017 on a rather subdued day of trading. Aluminum Scrap and Stainless Steel scrap prices remained unchanged. Meantime, Steel scrap prices held steady over the previous day. Brass scrap and Bronze scrap prices too saw no variation in daily prices.
Copper Scrap Prices
#1 Copper Bare Bright prices were down by CNY 100 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too declined marginally by CNY 100 per MT each.
#1 Insulated Copper Wire 85% Recovery prices remained unchanged at CNY 27,150 per MT upon comparison with the previous day. The price of #2 Insulated Copper Wire 50% Recovery remained unchanged over the previous day.
Copper Transformer and Cu Yokes prices remained flat over the previous day.
Cu/Al Radiator scrap prices too held steady over the day. Harness Wire 35% Recovery prices held steady.
Heater Cores prices held steady at CNY 26,100 per MT on Thursday, July 20th.
Meantime, Scrap Electric Motors and Sealed Units prices remained unchanged when compared with the previous day.
Aluminum Scrap Prices
The prices of 6063 Extrusions reported no change in prices. Aluminum Ingots too were unchanged at CNY 14,250 per MT.
Meantime, prices of Aluminum Radiators and Aluminum Transformers held steady on July 20th, 2017.
The prices of E.C Aluminum Wire, Old Cast and Old Sheet recorded no change in prices when matched with the prior day.
UBC and Zorba 90% NF prices too were flat on Index.
Steel Scrap Prices
#1 HMS prices held steady at CNY 1,630 per MT on 20th July, 2017.
Cast Iron Scrap too reported no change in prices.
Stainless Steel Scrap Prices
201 SS and 304 SS Solid prices remained flat on Index.
304 SS Turning too registered no change in daily prices.
309 SS and 310 SS prices were unchanged on July 20th, 2017.
Meantime, 316 SS Solid and Shred SS prices prices held steady at CNY 10,850 per MT and CNY 9,100 per MT respectively.
Brass/Bronze Scrap Prices
The Brass/Bronze Scrap prices in China saw no change on Index.
Brass Radiator scrap prices held flat at CNY 29,600 per MT on July 20th, 2017.
Red Brass and Yellow Brass prices too witnessed no change from the previous day.