BEIJING (Scrap Monster): The Chinese copper scrap prices declined sharply on ScrapMonster Price Index as on September 23rd, Friday. 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 by CNY 250 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too declined by CNY 250 per MT each.
#1 Insulated Copper Wire 85% Recovery prices have declined by CNY 100 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 scrap prices were unchanged on Index.
Cu Yokes and Harness Wire 35% Recovery scrap prices were down by CNY 50 per MT each.
Cu/Al Radiator scrap prices inched lower by CNY 50 per MT.
Heater Cores prices too declined by CNY 100 per MT on Friday, September 23rd.
Meantime, Scrap Electric Motors and Sealed Units prices witnessed no change over the previous day.
6063 Extrusions witnessed a dip by CNY 50 per Lb over the previous day.
Aluminum Ingots too were down by CNY 50 per MT on Index.
The prices of Aluminum Radiators and Aluminum Transformers recorded no change from the prior day.
E.C Aluminum Wire prices dipped by CNY 50 per MT on Index.
Old Cast prices too were down by CNY 50 per MT on 23rd September, 2022.
The prices of Old Sheets dropped by CNY 50 per MT on Index.
UBC and Zorba 90% INF prices recorded no change from the previous day.
#1 HMS prices held steady on 23rd September, 2022.
Cast Iron Scrap too reported no change in prices.
201 SS and 304 SS Solid scrap prices witnessed decline by CNY 150 per MT and CNY 200 per MT respectively.
304 SS Turning prices dropped by CNY 200 per MT over the day.
309 SS and 316 SS prices too were down by CNY 300 per MT each on 23rd September, 2022, when compared with the prior day.
310 SS and Shred SS prices were down by CNY 350 per MT and CNY 200 per MT respectively on Index.
The Brass/Bronze Scrap prices in China declined on Index.
Brass Radiator scrap prices were down by CNY 50 per MT on September 23rd, 2022.
Red Brass and Yellow Brass prices too dropped by CNY 50 per MT each on Index.