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Scrap Prices April 16, 2014 04:30:51 AM

Chinese scrap prices continue to move higher, Nickel scrap up 1%

Paul Ploumis
ScrapMonster Author
The Chinese scrap prices continued their strong rally on Tuesday, April 15th

Chinese scrap prices continue to move higher, Nickel scrap up 1%

BEIJING (Scrap Monster) :  The Chinese  scrap prices continued their strong rally on ScrapMonster Price Index  as on Tuesday, April 15th .

#1 HMS prices remained unchanged from the prices a day before. The price of #1 Bare Bright Copper Wire went higher by CNY 400 per MT. #1 Copper and #2 Copper prices too advanced by CNY 400 each per MT.

The prices of 201 Stainless Steel remained unchanged at CNY 4,350 per MT. 304 Stainless Steel prices increased by CNY 50 per MT. Also, 316 Stainless Steel prices increased by CNY 50 per MT to reach CNY 13,750 per MT. Al/Cu Radiator scrap prices too increased by CNY 100 per MT over the day.

Cast Iron Scrap witnessed no change in price as on 15th April.

Nickel scrap prices advanced by CNY 1000 per MT, to touch CNY 121,900 per MT.

Shred Zinc price went higher by CNY 50 per MT.

Shred Stainless Steel and Soft Lead prices remained flat over the day.

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