Chinese scrap metal prices stay steady on Index; Aluminum scrap surges 7th August, 2017

Published: Aug 8, 2017 15:37

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Harness Wire 35% Recovery prices held steady on Monday, August 7th.

By Anil Mathews

BEIJING (Scrap Monster): The Chinese scrap metal prices mostly remained unchanged on ScrapMonster Price Index as on August 7th, Monday. Copper, Steel and Stainless Steel scrap prices held steady. Meantime, Aluminum scrap prices surged higher over the previous day. Brass scrap and Bronze scrap prices too saw no variation in prices over the previous day.

Copper Scrap Prices

The #1 Copper Bare Bright and #1 Copper Wire and Tubing witnessed no price change over the previous day.

The price of #2 Copper Wire and Tubing also remained flat.

#1 Insulated Copper Wire 85% Recovery prices remained flat. The price of #2 Insulated Copper Wire 50% Recovery held steady at CNY 23,850 per MT over the previous day.

Copper Transformer scrap prices saw no variation in prices over the previous day. No price-change was witnessed in Cu Yokes.

Cu/Al Radiator prices remained unchanged.

Harness Wire 35% Recovery prices held steady on Monday, August 7th.

Also, Heater Cores, Scrap Electric Motors and Sealed Units prices remained unchanged.

Aluminum Scrap Prices

6063 Extrusions and Aluminum Ingots witnessed a rise of CNY 300 per MT and CNY 400 per MT respectively over the previous day.

Aluminum Radiators and Transformers prices were up by CNY 200 per MT.

E.C Aluminum Wire prices jumped higher by CNY 400 per MT to touch CNY 14,800 per MT.

Old Cast prices saw an increase of CNY 400 per MT upon comparison with the previous day. The prices of Old Sheet and UBC were up by CNY 400 per MT and CNY 300 per MT respectively.

Zorba 90% INF prices held steady when matched with the previous day.

Steel Scrap Prices

#1 HMS prices held steady at CNY 1,630 per MT on 7th August, 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 and 309 SS too registered no change in daily prices.

310 SS prices were down marginally by CNY 50 per MT on August 7th, 2017.

Meantime, 316 SS Solid and Shred SS prices held steady at CNY 11,400 per MT and CNY 9,500 per MT respectively.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China remained unchanged on Index.

Brass Radiator scrap prices held steady at CNY 30,250 per MT on August 7th, 2017.

Red Brass and Yellow Brass prices too were flat on Index.

Scrap Metal

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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