Chinese Scrap Metal Market Records Broad Price Rally on the Index– July 31, 2026

Daily Scrap Metal Price Report  |  2026-08-03 11:23:39   |   By

Copper, aluminum, stainless steel, and brass/bronze scrap prices jumped compared to the previous day, while steel scrap prices remained steady on the Index.

Summary
  • Copper led the rally, with #1 Copper Bare Bright, #1 Copper Wire & Tubing, and #2 Copper Wire & Tubing surging CNY 850/MT, while several insulated copper grades and related scraps also advanced.
  • Aluminum and brass/bronze prices strengthened, with 6063 Extrusions, Aluminum Ingots, Old Cast, and Old Sheet gaining CNY 100/MT, alongside higher prices for Red Brass and Yellow Brass.
  • Steel scrap prices were flat, whereas stainless steel posted selective gains, led by 310 SS (+CNY 100/MT) and 309 SS and 316 SS Solid (+CNY 50/MT).

BEIJING (Scrap Monster): The Chinese scrap metal prices recorded notable gains on the ScrapMonster Price Index as of Friday, July 31, 2026.

  • Copper: Broad-based surge

  • Aluminum: Consistent upward movement

  • Brass/Bronze: Widespread increase

  • Stainless Steel: Edged higher

  • Steel: Stable/unchanged

Copper, aluminum, stainless steel, and brass/bronze scrap prices jumped compared to the previous day, while steel scrap prices remained steady on the Index.

Copper Scrap Prices

Copper scrap prices saw broad-based gains on Friday, July 31, 2026.

#1 Copper Bare Bright and #1 Copper Wire and Tubing both surged by CNY 850 per MT compared to the previous day. Also, #2 Copper Wire and Tubing rose by CNY 850 per MT.

#1 Insulated Copper Wire with 85% recovery climbed CNY 400 per MT, and #2 Insulated Copper Wire (50% recovery) recorded an increase of CNY 100 per MT.

Copper Transformer scrap and Cu Yokes reported a CNY 50 per MT increase on the Index.

Cu/Al Radiator scrap jumped CNY 100 per MT, while Harness Wire (35% recovery) inched up CNY 50 per MT.

Heater Cores gained CNY 350 per MT, while Scrap Electric Motors and Sealed Units recorded a slight increase of CNY 50 per MT each on the Index.

Aluminum Scrap Prices

6063 Extrusions and Aluminum Ingots witnessed a jump of CNY 100 per MT in prices over the previous day.

The prices of Aluminum Radiators and Aluminum Transformers were up by CNY 50 per MT each on the Index.

E.C Aluminum Wire prices saw a jump of CNY 100 per MT on the Index.

Old Cast and Old Sheet prices were up by CNY 100 per MT as of July 31, 2026.

UBC and Zorba 90% INF prices increased by CNY 50 per MT each from the previous day’s price.

Steel Scrap Prices

#1 HMS prices held steady as of July 31, 2026.

Cast Iron Scrap reported no change in prices.

Stainless Steel Scrap Prices

  • 201 SS, 304 SS Solid, 304 SS Turning, Shred SS : Witnessed no change over the previous day as of Friday, July 31, 2026.

  • 309 SS, 316 SS Solid: Recorded a jump of CNY 50 per MT

  • 310 SS: Edged higher by CNY 100 per MT

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China recorded a notable jump as of July 31, 2026.

  • Brass Radiator: Increased by CNY 50 per MT

  • Red Brass, Yellow Brass: Edged higher by CNY 100 per MT

 

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