Chinese Scrap Metal Prices Post Broad Gains; Stainless Steel Falls on the Index– November 11, 2026

Daily Scrap Metal Price Report | 2026-11-12 06:00:53 | By Anil Mathews

#1 Copper Bare Bright, #1 Copper Wire and Tubing and #2 Copper Wire and Tubing each advanced CNY 500/MT.

Summary

Copper Scrap Records Strongest Gains
Major clean copper grades, including #1 Copper Bare Bright, #1 Copper Wire and Tubing, and #2 Copper Wire and Tubing, increased by CNY 500 per metric ton. Other insulated copper grades and copper-bearing materials also recorded moderate gains.
Aluminum and Brass Prices Move Higher
Aluminum scrap prices advanced across several categories, with 6063 Extrusions, Aluminum Ingots, E.C. Aluminum Wire, Old Cast and Old Sheet each gaining CNY 100/MT. Red and Yellow Brass also increased by CNY 100/MT.
Stainless Steel Declines While Ferrous Scrap Remains Stable
Stainless steel prices showed selective weakness, with 310 SS recording the largest decline of CNY 100/MT. Meanwhile, #1 HMS and Cast Iron Scrap prices remained unchanged from the previous trading session.

BEIJING (Scrap Monster): Chinese scrap metal benchmarks moved mostly higher on the ScrapMonster Price Index on Wednesday, November 11, 2026, led by CNY 500-per-metric-ton gains in major clean copper grades. Aluminum and brass also strengthened, while selected stainless steel grades declined and steel scrap remained unchanged.

Copper Scrap: Clean copper grades led gains, rising CNY 500/MT; other selected grades increased CNY 100–250/MT, while five categories remained unchanged.
Aluminum Scrap: Broad-based increases of CNY 50–100/MT across multiple grades.
Steel Scrap: #1 HMS and Cast Iron Scrap prices remained unchanged.
Stainless Steel Scrap: 309 SS and 316 SS Solid fell CNY 50/MT, while 310 SS declined CNY 100/MT; four grades were unchanged.
Brass/Bronze Scrap: Red Brass and Yellow Brass gained CNY 100/MT, while Brass Radiator scrap rose CNY 50/MT.

Clean Copper Scrap Gains CNY 500/MT

Copper recorded the largest gains among the major Chinese scrap categories tracked during the session.

#1 Copper Bare Bright, #1 Copper Wire and Tubing, and #2 Copper Wire and Tubing each advanced CNY 500/MT.

#1 Insulated Copper Wire with 85% Recovery gained CNY 250/MT, while #2 Insulated Copper Wire with 50% Recovery rose CNY 100/MT.

Cu/Al Radiators increased CNY 100/MT, while Heater Cores posted a larger CNY 200/MT gain.

Copper Transformer Scrap, Cu Yokes, Harness Wire with 35% Recovery, Scrap Electric Motors and Sealed Units were unchanged from the previous session.

Aluminum Advances Across Multiple Grades

Aluminum scrap also moved broadly higher, although the increases were smaller than those recorded in clean copper.

6063 Extrusions and Aluminum Ingots each gained CNY 100/MT.

Aluminum Radiators and Aluminum Transformers each increased CNY 50/MT.

E.C. Aluminum Wire, Old Cast, and Old Sheet advanced CNY 100/MT, while UBC and Zorba 90% NF rose CNY 50/MT.

Steel Scrap Holds Steady

Steel scrap recorded no variation during the November 11 session.

#1 HMS and Cast Iron Scrap both remained unchanged.

Selected Stainless Grades Move Lower

Stainless steel moved against the broader nonferrous trend.

201 SS, 304 SS Solid, 304 SS Turning, and Shred SS recorded no day-over-day change.

309 SS and 316 SS Solid each declined CNY 50/MT.

310 SS posted the largest stainless decline, falling CNY 100/MT.

The category therefore showed selective weakness rather than a broad-based decline, with four listed grades holding steady.

Red and Yellow Brass Move Higher

Brass and bronze scrap prices recorded more modest gains.

Red Brass and Yellow Brass each increased CNY 100/MT from the previous session.

Brass Radiator scrap prices saw an increase of CNY 50 per MT on the Index.