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Scrap Prices October 21, 2021 07:30:17 PM

20th October, 2021: Chinese Scrap Metal Prices Declined Sharply on Index

Anil Mathews
ScrapMonster Author
309 SS and 316 SS prices dropped by CNY 200 per MT each when compared with the prior day.

20th October, 2021: Chinese Scrap Metal Prices Declined Sharply on Index

BEIJING (Scrap Monster): The Chinese copper scrap prices declined sharply on ScrapMonster Price Index  as on October 20th, Wednesday. 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.

Copper Scrap Prices

#1 Copper Bare Bright prices were down sharply by CNY 2,500 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 2,500 per MT each.

#1 Insulated Copper Wire 85% Recovery prices have declined by CNY 1,200 per MT upon comparison with the previous day. The price of #2 Insulated Copper Wire 50% Recovery prices recorded a down move of $600 per MT over the previous day.

Copper Transformer and Cu Yokes prices declined by CNY 100 per MT each when matched with the prior day.

Harness Wire 35% Recovery prices too were down by CNY 100 per MT from the previous day.

Cu/Al Radiator scrap prices were down by CNY 600 per MT.

Heater Cores prices too declined by CNY 1,000 per MT on Wednesday, October 20th.

Meantime, Scrap Electric Motors and Sealed Units prices witnessed decline by CNY 100 per MT each on Index.

Aluminum Scrap Prices

6063 Extrusions witnessed a price decline of CNY 1,500 per MT over the previous day.

Aluminum Ingots too dropped by CNY 1,500 per MT.

The prices of Aluminum Radiators and Aluminum Transformers were down by CNY 600 per MT on Index.

E.C Aluminum Wire prices dropped by CNY 1,500 per MT on October 20th, 2021.

Old Cast and Old Sheet prices were down by CNY 1,500 per MT each.

UBC and  Zorba 90% INF prices dropped by CNY 600 per MT each on Index.

Steel Scrap Prices

#1 HMS prices held steady on 20th October, 2021.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were down by CNY 100 per MT on Index.

304 SS Solid and 304 SS Turning prices recorded decline by CNY 150 per MT each on Index.

309 SS and 316 SS prices dropped by CNY 200 per MT each when compared with the prior day.

310 SS Solid scrap prices were down by CNY 300 per MT on October 20th, 2021.

Shred SS prices dropped by CNY 150 per MT over the day.        

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China remained dropped on Index.

Brass Radiator scrap prices were down by CNY 200 per MT on October 20th, 2021.

Red Brass and Yellow Brass prices too dropped by CNY 300 per MT each on Index.

 

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