Chinese scrap prices rally, Nickel scrap surges
Scrap Prices | 2014-06-18 05:09:13
The Chinese scrap prices rebounded sharply with steady gains on Tuesday, June 17th
By Paul Ploumis
BEIJING (Scrap Monster) : The Chinese scrap prices rebounded sharply with steady gains on ScrapMonster Price Index as on Tuesday, June 17th .
#1 HMS prices remained unchanged from the prices a day before. The price of #1 Bare Bright Copper Wire too remained flat at CNY 49,050 per MT. #1 Copper and #2 Copper prices too saw no variation in prices over the previous day.
The prices of 201 Stainless Steel went higher by CNY 50 per MT to touch CNY 4,400 per MT. 304 Stainless Steel prices increased by CNY 100 per MT. Also, 316 Stainless Steel prices increased by CNY 200 per MT to reach CNY 14,200 per MT. Al/Cu Radiator scrap prices too increased by CNY 50 per MT over the day.
Cast Iron Scrap witnessed no change in price as on 17th June.
Nickel scrap prices advanced by CNY 2,400 per MT, to touch CNY 129,200 per MT.
Shred Stainless Steel price went higher by CNY 50 per MT.
Shred Zinc prices too advanced by CNY 50 per MT.
Soft Lead prices remained flat over the previous day.
