12th August, 2020: Chinese Scrap Metal Prices Recorded Notable Decline

BEIJING (Scrap Monster): The Chinese copper scrap prices declined modestly on ScrapMonster Price Index  as on August 12^th, Wednesday. Stainless Steel, Brass and Bronze scrap prices witnessed slight decline on Index when compared with the previous day. Meantime, Aluminum scrap prices held steady over the day.

Copper Scrap Prices

The #1 Copper Bare Bright and #1 Copper Wire and Tubing saw price decline of CNY 400 per MT each.

The price of #2 Copper Wire and Tubing also decreased by CNY 400 per MT.

#1 Insulated Copper Wire 85% Recovery prices were down by CNY 200 per MT. The price of #2 Insulated Copper Wire 50% Recovery witnessed decline by CNY 100 per MT over the previous day.

Copper Transformer scrap and Cu Yokes prices recorded decline by CNY 50 per MT each on Index.

Cu/Al Radiator prices were down by CNY 100 per MT.

Heater Cores prices recorded decline by CNY 150 per MT on Index.

Harness Wire 35% Recovery prices dropped by CNY 50 per MT on Wednesday, August 12^th.

Meantime, Scrap Electric Motors and Sealed Units prices were flat on Index.

 Aluminum Scrap Prices

6063 Extrusions witnessed no change in prices over the previous day.

Aluminum Ingots too remained unchanged.

The prices of Aluminum Radiators and Aluminum Transformers saw no variation.

E.C Aluminum Wire prices remained unmoved on Index.

Old Cast prices too were flat on 12^th August, 2020.

The prices of Old Sheets and UBC held steady on Index.

Zorba 90% INF prices saw no change from the previous day.

Steel Scrap Prices

#1 HMS prices held steady on 12^th August, 2020.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were down by CNY 100 per MT on Index.

304 SS Solid prices too dropped by CNY 150 per MT.

The price of 304 SS Turning saw similar decline of CNY 150 per MT on Index.

309 SS and 310 SS prices were down by CNY 200 per MT and CNY 300 per MT respectively when compared with the prior day.

316 SS Solid scrap prices dropped by CNY 200 per MT on August 12^th, 2020.

Shred SS prices too were down by CNY 150 per MT over the day.

 Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China declined on Index.

Brass Radiator scrap prices dropped by CNY 50 per MT on August 12^th, 2020.

Red Brass and Yellow Brass prices too were down by CNY 100 per MT on Index.

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