23rd March, 2020: Chinese Scrap Metal Prices Witnessed Substantial Decline on Index

BEIJING (Scrap Monster): The Chinese Copper and Aluminum scrap prices declined modestly on ScrapMonster Price Index  as on March 23^rd, Monday. Brass, Bronze and Stainless Steel scrap prices witnessed slight decline on Index when compared with the previous day. Meantime, 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 1,700 per MT each.

The price of #2 Copper Wire and Tubing also decreased by CNY 1,700 per MT.

#1 Insulated Copper Wire 85% Recovery prices were down by CNY 800 per MT. The price of #2 Insulated Copper Wire 50% Recovery witnessed decline by CNY 400 per MT over the previous day.

Copper Transformer scrap and Cu Yokes prices were down by CNY 100 per MT each.

Cu/Al Radiator and Heater Cores prices recorded decline by CNY 400 per MT on Index.

Harness Wire 35% Recovery prices dropped by CNY 100 per MT on Monday, March 23^rd.

Also, Scrap Electric Motors and Sealed Units prices were down by CNY 50 per MT each.

 Aluminum Scrap Prices

6063 Extrusions witnessed a price decline of CNY 600 per MT over the previous day.

Aluminum Ingots too dropped by CNY 650 per MT.

The prices of Aluminum Radiators and Aluminum Transformers edged lower by CNY 150 per MT and CNY 100 per MT respectively on Index.

E.C Aluminum Wire prices dropped by CNY 600 per MT.

Old Cast and Old Sheet prices witnessed decline by CNY 600 per MT each on March 23^rd, 2020.

UBC and Zorba 90% NF prices reported declines by CNY 350 per MT and CNY 200 per MT respectively over the previous day.

Steel Scrap Prices

#1 HMS prices held steady on 23^rd March, 2020.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices declined by CNY 100 per MT.

304 SS Solid prices too were down by CNY 150 per MT.

The price of 304 SS Turning too dropped by CNY 150 per MT over the previous day.

309 SS and 310 SS prices witnessed decrease of CNY 250 per MT and CNY 350 per MT respectively.

316 SS Solid scrap prices edged lower by CNY 250 per MT over the day on March 23^rd, 2020.

Shred SS prices too were down by CNY 150 per MT.

 Brass/Bronze Scrap Prices

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

Brass Radiator scrap prices dropped by CNY 200 per MT on March 23^rd, 2020.

Red Brass and Yellow Brass prices too were down by CNY 250 per MT on Index.

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