Chinese Aluminum Scrap prices edge higher on Index 1st July, 2016

By Anil Mathews (ScrapMonster Author)

July 04, 2016 05:41:14 AM

BEIJING (Scrap Monster): The Chinese Aluminum scrap prices increased marginally on the Scrap Monster Price Index on July 1st, Friday.

6063 Extrusions witnessed a rise of CNY 200 per MT over the previous day. Aluminum Radiators and Transformers prices too were up by CNY 150 per MT each over the previous day. E.C Aluminum Wire prices jumped higher by CNY 250 per MT to touch CNY 12,900 per MT. Old Cast prices increased by CNY 200 per MT. The prices of Aluminum Radiators and Old Sheet witnessed rise of CNY 150 per MT and CNY 200 per MT respectively. UBC and Zorba 90% INF prices too were up by CNY 150 per MT each.

Meanwhile, Brass Radiator prices declined marginally by CNY 50 per MT when matched with the day before. Red Brass and Yellow Brass prices too dropped by CNY 50 per MT each.

Stainless steel scrap prices were unchanged on the Index.

201 SS prices held steady at CNY 3,400 per MT.

The prices of 304 SS Solid, 304 SS Turning and 309 SS remained flat.

310 SS prices held steady at CNY 15,200 per MT on July 1st, 2016.

316 SS Solid and Shred SS prices too witnessed no change in prices.