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Scrap Prices March 13, 2018 07:30:22 AM

12th March, 2018: Chinese Copper Scrap Prices Surged Higher on Index

Anil Mathews
ScrapMonster Author
6063 Extrusions witnessed no change in prices over the previous day. Aluminum Ingots too remained unchanged.
12th March, 2018: Chinese Copper Scrap Prices Surged Higher on Index

BEIJING (Scrap Monster): The Chinese scrap metal prices exhibited mixed trends on ScrapMonster Price Index  as on March 12th, Monday. Scrap Steel prices held steady. Aluminum scrap prices witnessed no change over the previous day. Meantime, Stainless Steel, Copper, Brass and Bronze prices surged higher on Index.

Copper Scrap Prices

The #1 Copper Bare Bright and #1 Copper Wire and Tubing saw price rise of CNY 600 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 600 per MT.

#1 Insulated Copper Wire 85% Recovery prices edged higher by CNY 200 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery too was up by CNY 100 per MT when compared with the day before.

Copper Transformer scrap prices saw marginal jump of CNY 50 per MT over the previous day. Cu Yokes prices reported slight uptick of CNY 50 per MT.

Cu/Al Radiator and Heater Cores prices reported jump by CNY 100 per MT and CNY 200 per MT respectively over the previous day.

Harness Wire 35% Recovery prices increased by CNY 100 per MT on Monday, March 12th.

Scrap Electric Motors and Sealed Units prices remained unchanged over the day.

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 at CNY 13,800 per MT.

Old Cast prices too were flat on 12th March, 2018.

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 at CNY 1,630 per MT on 12th March, 2018.

Cast Iron Scrap reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices held steady on Index.

304 SS Solid prices too remained unchanged over the previous day.

The price of 304 SS Turning witnessed no change on Index.

309 SS and 310 SS prices witnessed increase of CNY 400 per MT and CNY 600 per MT respectively.

316 SS Solid scrap prices edged higher by CNY 400 per MT over the day on March 12th.

Shred SS prices were up by CNY 300 per MT.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China recorded marginal increase on Index.

Brass Radiator scrap prices inched higher by CNY 100 per MT to touch CNY 30,100 per MT on March 12th, 2018.

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

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