Chinese Scrap Metal Prices Plunged Heavily on Index 1st August, 2017

By Anil Mathews

BEIJING (Scrap Monster): The Chinese copper scrap prices declined sharply on ScrapMonster Price Index  as on August 1st, Tuesday. Stainless Steel, Brass and Bronze scrap prices too dropped on Index upon comparison with the previous day. Aluminum scrap prices too edged lower from the previous day. Meantime, Steel scrap prices held steady.

Copper Scrap Prices

#1 Copper Bare Bright prices were down by CNY 500 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too declined heavily by CNY 500 per MT each.

#1 Insulated Copper Wire 85% Recovery prices have declined by CNY 150 per MT upon comparison with the previous day to touch CNY 28,050 per MT. The price of #2 Insulated Copper Wire 50% Recovery prices was down by CNY 100 per MT over the previous day.

Copper Transformer prices remained flat over the previous day.

Cu Yokes and Harness Wire 35% Recovery prices inched lower by CNY 50 per MT each.

Cu/Al Radiator scrap prices witnessed decline of CNY 100 per MT.

Heater Cores prices were down by CNY 200 per MT to touch CNY 26,800 per MT on Tuesday, August 1st.

Meantime, Scrap Electric Motors and Sealed Units prices remained unchanged when compared with the previous day.

Aluminum Scrap Prices

6063 Extrusions witnessed a price decline of CNY 150 per MT over the previous day.

Aluminum Ingots too dropped by CNY 150 per MT.

The prices of Aluminum Radiators and Aluminum Transformers declined by CNY 50 per MT each.

E.C Aluminum Wire prices dropped by CNY 150 per MT to touch CNY 14,200 per MT.

Old Cast prices too witnessed a down move of CNY 150 per MT.

The prices of Old Sheets saw a down move of CNY 150 per MT.

UBC and Zorba 90% INF prices declined by CNY 100 per MT each from the previous day levels.

Steel Scrap Prices

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

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices declined by CNY 50 per MT to touch CNY 4,450 per MT.

304 SS Solid prices too were down by CNY 100 per MT.

The price of 304 SS Turning dropped by CNY 100 per MT over the previous day.

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

316 SS Solid scrap prices edged lower by CNY 150 per MT over the day on August 1st.

Shred SS prices too were down by CNY 100 per MT to CNY 9,450 per MT.

Brass/Bronze Scrap Prices

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

Brass Radiator scrap prices recorded decline by CNY 100 per MT on August 1st, 2017.

Red Brass and Yellow Brass prices too were down by CNY 100 per MT each.