By Anil Mathews (ScrapMonster Author)
May 04, 2016 12:55:01 AM
BEIJING (Scrap Monster): The Chinese Aluminum scrap prices increased marginally on the Scrap Monster Price Index on May 3rd, Tuesday.
6063 Extrusions witnessed a rise of CNY 100 per MT over the previous day. Aluminum Radiators and Transformers prices too saw up move of CNY 100 per MT each over the previous day. E.C Aluminum Wire prices jumped higher by CNY 100 per MT to touch CNY 12,750 per MT. Old Cast prices were up by CNY 100 per MT. The prices of Aluminum Radiators and Old Sheet witnessed increased by CNY 100 per MT each. UBC and Zorba 90% INF prices too went higher by CNY 100 per MT each over the day.
Meanwhile, Brass Radiator prices held steady when matched with the day before. Red Brass and Yellow Brass prices too remained flat.
Stainless steel scrap prices too edged higher on the Index.
201 SS prices were up by CNY 100 per MT.
The prices of 304 SS Solid, 304 SS Turning and 309 SS increased by CNY 100 per MT each.
310 SS prices were up by CNY 150 per MT to touch CNY 15,100 per MT on May 3rd, 2016.
316 SS Solid and Shred SS prices too went higher by CNY 100 per MT each.