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Scrap Prices February 23, 2024 01:03:32 AM

22nd February, 2024: Chinese Scrap Metal Prices Posted Notable Surge on Index

Anil Mathews
ScrapMonster Author
304 SS Solid and 304 SS Turning prices too increased by CNY 100 per MT each on Index.
22nd February, 2024: Chinese Scrap Metal Prices Posted Notable Surge on Index

BEIJING (Scrap Monster): The Chinese aluminum scrap prices surged higher on ScrapMonster Price Index  as on February 22nd, Thursday. Stainless Steel and Copper Scrap prices too were up from the previous day. Brass and Bronze scrap prices were flat on Index. Also, Steel scrap prices held steady.

Copper Scrap Prices

The #1 Copper Bare Bright prices were up by CNY 150 per MT.

#1 Copper Wire and Tubing saw price rise of CNY 150 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 150 per MT.

#1 Insulated Copper Wire 85% Recovery prices edged higher by CNY 50 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery held steady when compared with the day before.

Copper Transformer scrap prices were flat over the previous day. Cu Yokes prices were unchanged on Index.

Cu/Al Radiator and Harness Wire 35% Recovery prices recorded no change over the day.

Heater Cores were up by CNY 50 per MT on Thursday, February 22nd, 2024.

Meantime, Scrap Electric Motors and Sealed Units prices held steady on Index.

Aluminum Scrap Prices

6063 Extrusions witnessed a rise of CNY 100 per MT over the previous day.

Aluminum Ingots prices too were up by CNY 100 per MT.

Aluminum Radiators and Aluminum Transformers witnessed rise by CNY 50 per MT each on Index.

E.C Aluminum Wire prices inched higher by CNY 100 per MT.

Old Cast and Old Sheet prices jumped higher by CNY 100 per MT each on February 22nd, 2024.

Meantime, UBC prices inched higher by CNY 50 per MT on Index.

Zorba 90%NF prices witnessed upward move by CNY 50 per MT over the day.

Steel Scrap Prices

#1 HMS prices held steady on 22nd February, 2024.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were up by CNY 50 per MT over the previous day.

304 SS Solid and 304 SS Turning prices too increased by CNY 100 per MT each on Index.

309 SS and 316 SS Solid scrap prices edged higher by CNY 150 per MT each when compared with the prior day.

310 SS prices were up by CNY 200 per MT on February 22nd, 2024.

Shred SS prices increased by CNY 100 per MT on Index.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China recorded no change from the previous day.

Brass Radiator scrap prices were flat on February 22nd, 2024.

Red Brass and Yellow Brass prices too remained unchanged over the day.

 

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