19th January, 2021: Chinese Scrap Metal Prices Declined Substantially on Index

BEIJING (Scrap Monster): The Chinese Copper and Aluminum scrap prices declined modestly on ScrapMonster Price Index  as on January 19^th, Tuesday. Brass and Bronze scrap prices witnessed slight decline on Index when compared with the previous day. Meantime, Steel and Stainless Steel 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 300 per MT each.

The price of #2 Copper Wire and Tubing also decreased by CNY 300 per MT.

#1 Insulated Copper Wire 85% Recovery prices were down by CNY 150 per MT on Index. The price of #2 Insulated Copper Wire 50% Recovery edged down by CNY 50 per MT over the previous day.

Copper Transformer scrap prices saw no variation in prices over the previous day. No price-change was witnessed in Cu Yokes.

Cu/Al Radiator prices declined by CNY 50 per MT on Index.

Harness Wire 35% Recovery prices held steady on Tuesday, January 19^th.

Heater Cores prices witnessed a decline by CNY 50 per MT.

Scrap Electric Motors and Sealed Units prices remained unchanged.

Aluminum Scrap Prices

6063 Extrusions witnessed a price decline of CNY 200 per MT over the previous day.

Aluminum Ingots too dropped by CNY 200 per MT.

The prices of Aluminum Radiators and Aluminum Transformers witnessed a decline of CNY 100 per MT  on Index.

E.C Aluminum Wire prices dropped by CNY 200 per MT.

Old Cast and Old Sheet prices witnessed decline by CNY 200 per MT each on January 19^th, 2021.

UBC and Zorba 90% NF prices too dropped by CNY 100 per MT each from the prior day.

Steel Scrap Prices

#1 HMS prices held steady on 19^th January, 2021.

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 January 19^th, 2021.

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

Brass/Bronze Scrap Prices

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

Brass Radiator scrap prices held steady on January 19^th, 2021.

Red Brass and Yellow Brass prices edged lower by CNY 50 per MT each on Index.

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