12th May, 2022: Chinese Scrap Metal Prices Dipped Sharply on Index

BEIJING (Scrap Monster): The Chinese copper scrap prices declined sharply on ScrapMonster Price Index  as on May 12^th, Thursday. Aluminum and Brass/Bronze scrap prices dropped on Index when compared with the previous day. Meantime, Stainless Steel and Steel scrap prices held steady on Index.

Copper Scrap Prices

#1 Copper Bare Bright prices were down sharply by CNY 800 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too declined heavily by CNY 800 per MT each.

#1 Insulated Copper Wire 85% Recovery prices have declined by CNY 400 per MT upon comparison with the previous day. The price of #2 Insulated Copper Wire 50% Recovery prices recorded a down move of $ 150 per MT over the previous day.

Copper Transformer scrap prices were down by CNY 50 per MT on Index.

Cu Yokes and Harness Wire 35% Recovery scrap prices were down by CNY 50 per MT each.

Cu/Al Radiator scrap prices inched lower by CNY 150 per MT.

Heater Cores prices too declined by CNY 300 per MT on Thursday, May 12^th.

Meantime, Scrap Electric Motors and Sealed Units prices witnessed decline by CNY 50 per MT each on Index.

Aluminum Scrap Prices

6063 Extrusions witnessed a dip by CNY 100 per Lb over the previous day.

Aluminum Ingots too were down by CNY 100 per MT on Index.

The prices of Aluminum Radiators and Aluminum Transformers declined by CNY 50 per MT each.

E.C Aluminum Wire prices dipped by CNY 100 per MT on Index.

Old Cast prices too were down by CNY 100 per MT on 12^th May, 2022.

The prices of Old Sheets dropped by CNY 100 per MT on Index.

UBC and Zorba 90% INF prices too recorded a decline by CNY 50 per MT from the previous day.

Steel Scrap Prices

#1 HMS prices held steady on 12^th May, 2022.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS scrap prices recorded no change on Index.

304 SS Solid and 304 SS Turning prices held steady over the day.

309 SS and 316 SS prices were flat when compared with the prior day.

310 SS Solid scrap prices were unchanged on May 12^th, 2022.

Shred SS prices too witnessed no change over the day.  

Brass/Bronze Scrap Prices

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

Brass Radiator scrap prices were down by $100 per MT on May 12^th, 2022.

Red Brass and Yellow Brass prices too dropped by CNY 150 per MT each on Index.

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