18th August, 2022: Chinese Scrap Metal Prices Dipped on Index

BEIJING (Scrap Monster): The Chinese copper scrap prices declined sharply on ScrapMonster Price Index  as on June 17^th, Friday. 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 850 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 850 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 inched lower by CNY 50 per MT on Index.

Cu Yokes and Harness Wire 35% Recovery scrap prices edged down by CNY 50 per MT each over the previous day.

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

Heater Cores prices too declined by CNY 300 per MT on Thursday, August 18^th, 2022.

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

Aluminum Scrap Prices

6063 Extrusions witnessed a dip by CNY 350 per Lb over the previous day.

Aluminum Ingots too were down by CNY 350 per MT on Index.

The prices of Aluminum Radiators and Aluminum Transformers declined by CNY 150 per MT each.

E.C Aluminum Wire prices dipped by CNY 350 per MT on Index.

Old Cast prices too were down by CNY 350 per MT on 18^th August, 2022.

The prices of Old Sheets dropped by CNY 350 per MT on Index.

UBC and Zorba 90% INF prices too recorded a decline by CNY 150 per MT from the previous day.

Steel Scrap Prices

#1 HMS prices held steady on 18^th August, 2022.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were unchanged on Index.

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

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

309 SS and 316 SS prices held steady when compared with the prior day.

310 SS Solid scrap prices were flat on August 18^th, 2022.

Shred SS prices too saw no variation in prices over the day.        

Brass/Bronze Scrap Prices

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

Brass Radiator scrap prices were down by CNY 50 per MT on August 18^th, 2022.

Red Brass and Yellow Brass prices too dropped by CNY 100 per MT each on Index.

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