Weekly Metal Price Report
Copper scrap markets remained firm, with prices recording modest growth and building on the upward trend established in the previous week.
Fourteen-carat scrap gold prices declined sharply by $184.04 per ounce over the week, largely driven by increased profit-taking by investors and a drop in international gold spot prices.
Steel scrap market showed little price movement, supported by steady fundamentals and balanced trading activity.
Scrap gold values strengthened across all major purity grades over the week, mirroring the upward momentum in the global bullion market.
Also, hallmarked and non-hallmarked silver prices were down slightly upon comparison with the previous week’s prices.
Aluminum scrap prices registered a modest week-on-week uptick on the Scrap Monster Price Index, with most listed grades moving higher.
Fourteen-carat scrap gold prices slipped by $113.01 per ounce, mirroring broader weakness in the bullion market.
Copper scrap markets reported a modest jump in prices over the previous week, while a few categories witnessed no variation on the Index.
On a week-over-week basis, 22-carat scrap gold prices dropped by $59.80 per pound, driven by a mix of global and domestic factors.
Copper prices led the market higher, with key grades posting gains of up to 29 cents.
Scrap gold values strengthened across all major purity grades over the week, mirroring the upward momentum in the global bullion market.
A gradual recovery in manufacturing and industrial activity across major economies is expected to support non-ferrous metal demand in the near to medium term.
Additionally, silver prices—across both hallmarked and non-hallmarked categories—edged lower compared to the previous week.
Brass and bronze scrap prices posted modest declines on the Index, reversing the upward trend witnessed during the previous week.
Lower-purity 9-carat non-hallmarked scrap gold also followed the downward trend, posting a week-on-week decline of $17.63 per ounce.
Copper scrap markets posted a mixed week-on-week performance, with the majority of grades registering price increases.
Meanwhile, 9-carat scrap also posted a modest week-on-week rise of 1.27%, underscoring a generally firm trend across segments.
Copper led the market with gains of up to ¢20 across key grades
On a week-over-week basis, 22-carat scrap gold prices jumped by $47.33 per pound, driven by a mix of global and domestic factors.
Aluminum scrap prices also showed a modest upward trend on the Scrap Monster Price Index, although most listed grades remained unchanged week over week.
Copper scrap markets posted a generally firm week-over-week performance, as most grades registered price increases.
Silver scrap prices recorded a modest 4.98% weekly rise, driven by firm underlying silver prices, improved industrial demand and tight scrap supply flows.
Aluminum scrap prices generally trended lower on the Scrap Monster Price Index, although certain categories recorded no change during the period.
Lower-purity 9-carat material also moved lower, registering a 5.07% week-on-week drop.
Platinum scrap prices posted a notably strong weekly performance.