24th October, 2023: Chinese Scrap Metal Prices Recorded Mixed Trend on Index

BEIJING (Scrap Monster): The Chinese aluminum scrap prices surged higher on ScrapMonster Price Index  as on October 24^th, Tuesday. Brass, Bronze, and Copper Scrap prices too were up from the previous day. Stainless Steel prices declined, whereas Steel scrap prices held steady on Index.

Copper Scrap Prices

The #1 Copper Bare Bright prices were up by CNY 750 per MT.

#1 Copper Wire and Tubing saw price rise of CNY 750 per MT each.

The price of #2 Copper Wire and Tubing also surged higher by CNY 750 per MT.

#1 Insulated Copper Wire 85% Recovery prices inched higher by CNY 400 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery too soared by CNY 350 per MT when compared with the day before.

Copper Transformer scrap and Cu Yokes prices increased by CNY 50 per MT each on Index.

Cu/Al Radiators and Heater Cores prices edged higher by CNY 150 per MT and CNY 300 per MT respectively.

Harness Wire 35% Recovery prices were up by CNY 50 per MT on Tuesday, October 24^th.

Also, Scrap Electric Motors and Sealed Units prices saw marginal increase by CNY 50 per MT each.

Aluminum Scrap Prices

6063 Extrusions witnessed a rise of CNY 50 per MT over the previous day.

Aluminum Ingots prices too were up by CNY 50 per MT.

Aluminum Radiators and Aluminum Transformers witnessed no change on Index.

E.C Aluminum Wire prices inched higher by CNY 50 per MT.

Old Cast and Old Sheet prices jumped higher by CNY 50 per MT each on October 24^th, 2023.

Meantime, UBC and Zorba 90%NF prices held steady on Index.

Steel Scrap Prices

#1 HMS prices held steady on 24^th October, 2023.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were down by CNY 50 per MT on Index.

304 SS Solid and 304 SS Turning prices too declined by CNY 100 per MT each.

309 SS and 316 SS prices dipped by CNY 150 per MT each when compared with the prior day.

310 SS Solid scrap prices dipped by CNY 200 per MT on October 24^th, 2023.

Shred SS prices were down by CNY 100 per MT over the day.        

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China recorded modest rise from the previous day.

Brass Radiator scrap prices were up by CNY 100 per MT on October 24^th, 2023.

Red Brass and Yellow Brass prices were up by CNY 150 per MT each. 

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