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Scrap Prices June 21, 2018 08:30:53 AM

19th June, 2018: Chinese Scrap Metal Prices Extended Decline on Index

Anil Mathews
ScrapMonster Author
Harness Wire 35% Recovery prices declined by CNY 250 per MT.

19th June, 2018: Chinese Scrap Metal Prices Extended Decline on Index

BEIJING (Scrap Monster): The Chinese copper scrap prices declined sharply on ScrapMonster Price Index  as on June 19th, Tuesday. Aluminum, Brass and Bronze scrap prices dropped on Index when compared with the previous day. Steel prices held steady on Index. Meantime, Stainless Steel scrap prices declined on Index.

Copper Scrap Prices

#1 Copper Bare Bright prices were down sharply by CNY 1,800 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 1,800 per MT each.

#1 Insulated Copper Wire 85% Recovery prices have declined by CNY 700 per MT upon comparison with the previous day. The price of #2 Insulated Copper Wire 50% Recovery prices recorded a down move of $400 per MT over the previous day.

Copper Transformer and Cu Yokes prices were down by CNY 100 per MT and CNY 200 per MT respectively.

Harness Wire 35% Recovery prices declined by CNY 250 per MT.

Cu/Al Radiator scrap prices were down by CNY 400 per MT.

Heater Cores prices were down by CNY 600 per MT on Thursday, June 19th.

Meantime, Scrap Electric Motors and Sealed Units prices edged lower by CNY 100 per MT each.

Aluminum Scrap Prices

6063 Extrusions witnessed a price decline of CNY 500 per MT over the previous day.

Aluminum Ingots too dropped by CNY 500 per MT.

The prices of Aluminum Radiators and Aluminum Transformers were down by CNY 250 per MT and CNY 150 per MT respectively.

E.C Aluminum Wire prices dropped by CNY 500 per MT.

Old Cast and Old Sheets prices too witnessed a down move of CNY 500 per MT each on June 19th, 2018.

UBC prices declined by CNY 300 per MT.

Meantime, Zorba 90% INF prices dropped by CNY 150 per MT on Index.

Steel Scrap Prices

#1 HMS prices held steady on 19th June, 2018.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS, 304 SS Solid and 304 SS Turning prices remained unchanged on Index.

309 SS and 310 SS prices reported declines of CNY 50 per MT and CNY 100 per MT respectively.

316 SS Solid scrap prices edged lower by CNY 50 per MT over the day on June 19th,

Shred SS prices stayed flat on Index.

 Brass/Bronze Scrap Prices

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

Brass Radiator scrap prices were down by CNY 400 per MT on June 19th, 2018.

Red Brass and Yellow Brass prices too dropped by CNY 400 per MT each.

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