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Scrap Prices April 24, 2014 04:30:38 AM

Chinese scrap prices rally on Index, Nickel scrap jumps nearly 3.5%

Paul Ploumis
ScrapMonster Author
The Chinese scrap prices extended their strong rally on Wednesday, April 23rd

Chinese scrap prices rally on Index, Nickel scrap jumps nearly 3.5%

BEIJING (Scrap Monster) :  The Chinese  scrap prices extended their strong rally on ScrapMonster Price Index  as on Wednesday, April 23rd .

#1 HMS prices remained unchanged from the prices a day before. The price of #1 Bare Bright Copper Wire went higher by CNY 200 per MT. #1 Copper and #2 Copper prices too advanced by CNY 200 each per MT.

The prices of 201 Stainless Steel went higher by CNY 100 per MT to touch CNY 4,450 per MT. 304 Stainless Steel prices increased by CNY 150 per MT. Also, 316 Stainless Steel prices increased by CNY 200 per MT to reach CNY 14,050 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 23rd April.

Nickel scrap prices advanced by CNY 4200 per MT, to touch CNY 127,000 per MT.

Shred Zinc price went higher by CNY 100 per MT.

Shred Stainless Steel and Soft Lead prices too jumped higher by CNY 100 per MT each over the day.

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