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Scrap Prices August 22, 2014 05:30:23 AM

21st August, 2014: Chinese scrap prices surged higher

Paul Ploumis
ScrapMonster Author
The Chinese scrap prices surged higher on Thursday, August 21st

21st August, 2014: Chinese scrap prices surged higher

BEIJING (Scrap Monster):  The Chinese scrap prices surged higher on ScrapMonster Price Index  as on Thursday, August 21st.

#1 HMS prices remained unchanged from the prices a day before. The price of #1 Bare Bright Copper Wire increased by CNY 800 per MT. #1 Copper and #2 Copper prices too increased by CNY 800 per MT over the previous day.

The prices of 201 Stainless Steel remained flat over the day. 304 Stainless Steel went higher by CNY 50 per MT from the previous day. 316 Stainless Steel prices increased by CNY 100 per MT to reach CNY 14,350 per MT. Al/Cu Radiator scrap prices increased by CNY 200 per MT to touch CNY 26,850 per MT over the day.

Cast Iron Scrap witnessed no change in price as on 21st August.

Nickel scrap prices advanced by CNY 800 per MT, to reach CNY 130,200 per MT.

Shred Stainless Steel price increased by CNY 50 per MT.

Shred Zinc prices advanced by CNY 200 per MT.

Soft Lead prices too increased by CNY 100 per MT over the previous day.

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