BEIJING (Scrap Monster): The Chinese copper scrap prices declined sharply on ScrapMonster Price Index as on October 19th, Tuesday. Stainless Steel, Aluminum and Brass/Bronze scrap prices dropped on Index when compared with the previous day. Meantime, Steel scrap prices held steady on Index.
#1 Copper Bare Bright prices were down sharply by CNY 400 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 400 per MT each.
#1 Insulated Copper Wire 85% Recovery prices have declined by CNY 200 per MT upon comparison with the previous day. The price of #2 Insulated Copper Wire 50% Recovery prices recorded a down move of $50 per MT over the previous day.
Copper Transformer and Cu Yokes prices remained unchanged on Index when matched with the prior day.
Harness Wire 35% Recovery prices too held steady from the previous day.
Cu/Al Radiator scrap prices were down by CNY 50 per MT.
Heater Cores prices too declined by CNY 100 per MT on Tuesday, October 19th.
Meantime, Scrap Electric Motors and Sealed Units prices witnessed no change on Index.
6063 Extrusions witnessed a price decline of CNY 350 per MT over the previous day.
Aluminum Ingots too dropped by CNY 350 per MT.
The prices of Aluminum Radiators and Aluminum Transformers were down by CNY 150 per MT on Index.
E.C Aluminum Wire prices dropped by CNY 350 per MT on October 19th, 2021.
Old Cast and Old Sheet prices were down by CNY 350 per MT each.
UBC and Zorba 90% INF prices dropped by CNY 150 per MT each on Index.
#1 HMS prices held steady on 19th October, 2021.
Cast Iron Scrap too reported no change in 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 dropped by CNY 50 per MT each when compared with the prior day.
310 SS Solid scrap prices were down by CNY 50 per MT on October 19th, 2021.
Shred SS prices too saw no variation in prices over the day.
The Brass/Bronze Scrap prices in China remained flat on Index.
Brass Radiator scrap prices were down by CNY 50 per MT on October 19th, 2021.
Red Brass and Yellow Brass prices too dropped by CNY 50 per MT each on Index.