BEIJING (Scrap Monster): The Chinese copper scrap prices declined sharply on ScrapMonster Price Index as on May 24th, Tuesday. Aluminum and Brass/Bronze scrap prices dropped on Index when compared with the previous day. Meantime, Stainless Steel and Steel scrap prices held steady on Index.
#1 Copper Bare Bright prices were down sharply by CNY 300 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 300 per MT each.
#1 Insulated Copper Wire 85% Recovery prices have declined by CNY 150 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 held steady over the previous day.
Cu/Al Radiator scrap prices inched lower by CNY 50 per MT.
Heater Cores prices too declined by CNY 100 per MT on Tuesday, May 24th.
Meantime, Scrap Electric Motors and Sealed Units prices witnessed no change on Index.
6063 Extrusions witnessed a dip by CNY 400 per Lb over the previous day.
Aluminum Ingots too were down by CNY 400 per MT on Index.
The prices of Aluminum Radiators and Aluminum Transformers declined by CNY 200 per MT each.
E.C Aluminum Wire prices dipped by CNY 400 per MT on Index.
Old Cast prices too were down by CNY 400 per MT on 24th May, 2022.
The prices of Old Sheets dropped by CNY 400 per MT on Index.
UBC and Zorba 90% INF prices too recorded a decline by CNY 200 per MT from the previous day.
#1 HMS prices held steady on 24th May, 2022.
Cast Iron Scrap too reported no change in prices.
201 SS scrap prices recorded no change on Index.
304 SS Solid and 304 SS Turning prices held steady over the day.
309 SS and 316 SS prices were flat when compared with the prior day.
310 SS Solid scrap prices were unchanged on May 24th, 2022.
Shred SS prices too witnessed no change over the day.
The Brass/Bronze Scrap prices in China declined on Index.
Brass Radiator scrap prices were unchanged on May 24th, 2022.
Red Brass and Yellow Brass prices too dropped by CNY 50 per MT each on Index.