Chinese Scrap Metal Prices Surged Higher on Index on 26th July, 2017

Published: Jul 27, 2017 13:12

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he Chinese copper scrap prices surged higher on ScrapMonster Price Index as on July 26th, Wednesday.

July 27, 2017 12:40:08 AM

BEIJING (Scrap Monster): The Chinese copper scrap prices surged higher on ScrapMonster Price Index as on July 26^th, Wednesday. Stainless Steel, Brass and Bronze scrap prices too soared on Index upon comparison with the previous day. Aluminum scrap prices too moved significantly higher from the previous day. Meantime, Steel scrap prices held steady.

Copper Scrap Prices

The #1 Copper Bare Bright and #1 Copper Wire and Tubing prices increased by CNY 1,400 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 1,400 per MT.

#1 Insulated Copper Wire 85% Recovery was up CNY 500 per MT to CNY 27,950 per MT. The price of #2 Insulated Copper Wire 50% Recovery went higher by CNY 300 per MT to touch CNY 23,700 per MT.

Copper Transformer scrap prices recorded rise of CNY 100 per MT on Index. Also, Cu Yokes prices were up by CNY 100 per MT over the previous day.

Cu/Al Radiator prices were up by CNY 300 per MT over the day.

Harness Wire 35% Recovery and Heater Cores were up by CNY 200 and CNY 400 per MT respectively Wednesday, July 26^th.

Meantime, prices of Scrap Electric Motors and Sealed Units held steady over the previous day.

Aluminum Scrap Prices

6063 Extrusions witnessed a rise of CNY 50 per MT over the previous day.

Aluminum Radiators and Transformers prices witnessed no change on Index.

E.C Aluminum Wire prices jumped higher by CNY 50 per MT to touch CNY 14,350 per MT.

Old Cast and Old Sheet prices were up by CNY 50 per MT each on July 26^th, 2017.

Meantime, UBC and Zorba 90% INF prices remained unchanged on Index.

Steel Scrap Prices

#1 HMS prices held steady at CNY 1,630 per MT on 26^th July, 2017.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices edged higher by CNY 50 per MT to CNY 4,400 per MT.

304 SS Solid prices too increased by CNY 100 per MT over the previous day.

The price of 304 SS Turning witnessed a rise of CNY100 per MT.

309 SS and 310 SS prices witnessed increase of CNY 150 per MT and CNY 200 per MT respectively.

316 SS Solid scrap prices edged higher by CNY 500 per MT over the day on July 26^th.

Shred SS prices increased by CNY 100 per MT to CNY 9,350 per MT.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China recorded marginal rise from the previous day.

Brass Radiator scrap prices surged higher by CNY 300 per MT on July 26^th, 2017.

Red Brass and Yellow Brass prices too were up by CNY 300 per MT each.

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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.

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