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Scrap Prices July 23, 2014 04:30:14 AM

Chinese scrap prices rebound, Nickel scrap surges nearly 2%

Paul Ploumis
ScrapMonster Author
The Chinese scrap prices rebounded sharply on Tuesday, July 22nd

Chinese scrap prices rebound, Nickel scrap surges nearly 2%

BEIJING (Scrap Monster) :  The Chinese  scrap prices rebounded sharply on ScrapMonster Price Index  as on Tuesday, July 22nd.

#1 HMS prices remained unchanged from the prices a day before. The price of #1 Bare Bright Copper Wire increased by CNY 200 per MT. #1 Copper and #2 Copper prices too increased by CNY 200 per MT over the previous day.

The prices of 201 Stainless Steel remained flat over the day. 304 Stainless Steel prices increased by CNY 100 per MT. Also, 316 Stainless Steel prices increased by CNY 150 per MT to reach CNY 14,150 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 22nd July.

Nickel scrap prices advanced by CNY 2,400 per MT, to touch CNY 128,800 per MT.

Shred Stainless Steel price went higher by CNY 50 per MT.

Shred Zinc prices too advanced by CNY 400 per MT.

Soft Lead prices increased by CNY 50 per MT over the previous day.

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