Chinese Scrap Metal Prices Register Broad Decline on the Index – October 29, 2026

Daily Scrap Metal Price Report  |  2026-10-30 06:24:05   |   By

Aluminum prices moved lower across every listed grade, while brass and bronze also weakened. Meanwhile, stainless steel and steel scrap prices remained unchanged.

Summary
  • Copper Scrap Records Sharpest Decline: Copper scrap prices registered the steepest losses on the ScrapMonster China Price Index. #1 Copper Bare Bright and #1/#2 Copper Wire and Tubing each dropped CNY 500 per MT, while insulated copper grades also recorded declines.
  • Aluminum and Brass Prices Weaken: Aluminum scrap prices declined across all listed categories, with losses ranging from CNY 50 to CNY 150 per MT. Red Brass and Yellow Brass fell CNY 100 per MT each, while Brass Radiator recorded a smaller decline.
  • Ferrous and Stainless Steel Markets Remain Stable: Steel scrap and cast iron prices were unchanged on the day. All listed stainless steel grades, including 201 SS, 304 SS, 309 SS, 310 SS and 316 SS, also maintained their previous-day levels.

BEIJING (Scrap Monster): Chinese scrap metal prices reported broad weakness on the ScrapMonster Price Index on Thursday, October 29, 2026, with copper recording the largest declines.

Aluminum prices moved lower across every listed grade, while brass and bronze also weakened. Meanwhile, stainless steel and steel scrap prices remained unchanged.

  • #1 Copper Bare Bright and #1/#2 Copper Wire and Tubing each fell CNY 500 per MT.
  • Every listed aluminum scrap grade declined, with losses of CNY 50 to CNY 100 per MT.
  • Red Brass and Yellow Brass fell CNY 100 per MT, while Brass Radiator declined CNY 50 per MT.
  • All listed stainless steel grades held steady on the Index.
  • #1 HMS and Cast Iron Scrap remained unchanged.

Copper Scrap Prices

Copper scrap recorded the strongest losses of the session.

#1 Copper Bare Bright, #1 Copper Wire and Tubing, and #2 Copper Wire and Tubing each declined by CNY 500 per MT.

#1 Insulated Copper Wire 85% Recovery fell CNY 250 per MT, while #2 Insulated Copper Wire 50% Recovery declined CNY 100 per MT.

Copper Transformer Scrap, Cu Yokes, Harness Wire 35% Recovery, Scrap Electric Motors and Sealed Units remained unchanged.

Cu/Al Radiators declined CNY 100 per MT, and Heater Cores lost CNY 200 per MT.

Aluminum Scrap Prices

Aluminum scrap prices declined across every listed category.

6063 Aluminum Extrusions and Aluminum Ingots each fell CNY 150 per MT.

Aluminum Radiators and Aluminum Transformers declined CNY 50 per MT each.

E.C. Aluminum Wire, Old Cast and Old Sheet each lost CNY 150 per MT.

Used Beverage Cans and Zorba 90% NF declined CNY 50 per MT each.

Steel Scrap Prices

#1 HMS prices held steady over the previous day's levels.

Cast Iron Scrap reported no change in prices.

Stainless Steel Prices

On the ScrapMonster China Stainless Steel Scrap Price Index, 201 SS, 304 SS Solid, 304 SS Turning, and 309 SS saw no change over the previous day.

310 SS, 316 SS Solid, and Shred SS also held steady.

Brass/Bronze Scrap Prices

Brass/bronze scrap prices in China recorded a modest decline over the day on the ScrapMonster China Brass/Bronze Scrap Price Index.

Brass Radiator declined CNY 50 per MT.

Red Brass and Yellow Brass each fell CNY 100 per MT.

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