28th December, 2022: Chinese Scrap Metal Prices Posted Substantial Surge on Index

BEIJING (Scrap Monster): The Chinese aluminum scrap prices surged higher on ScrapMonster Price Index  as on December 28^th, Wednesday. Brass, Bronze, and Copper Scrap prices too were up from the previous day. Stainless Steel scrap prices surged on Index. Meantime, Steel scrap prices held steady.

Copper Scrap Prices

The #1 Copper Bare Bright prices were up by CNY 1,000 per MT.

#1 Copper Wire and Tubing saw price rise of CNY 1,000 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 1,000 per MT.

#1 Insulated Copper Wire 85% Recovery prices were up by CNY 500 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery too surged higher by CNY 200 per MT when compared with the day before.

Copper Transformer scrap and Cu Yokes prices edged higher by CNY 50 per MT on Index.

Cu/Al Radiator and Heater Cores prices inched higher by CNY 200 per MT and CNY 350 per MT respectively.

Harness Wire 35% Recovery prices were up by CNY 50 per MT on Wednesday, December 28^th.

Also, Scrap Electric Motors and Sealed Units prices increased by CNY 50 per MT each on Index.

Aluminum Scrap Prices

6063 Extrusions witnessed a rise of CNY 150 per MT over the previous day.

Aluminum Ingots prices too were up by CNY 150 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 150 per MT.

Old Cast and Old Sheet prices jumped higher by CNY 150 per MT each on December 28^th, 2022.

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

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

Steel Scrap Prices

#1 HMS prices held steady on 28^th December, 2022.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS and 304 SS Solid prices were up by CNY 200 per MT and CNY 250 per MT respectively on Index.

304 SS Turning priced edged higher by CNY 250 per MT on December 28^th, 2022.

309 SS and 310 SS scrap prices edged higher by CNY 350 per MT and CNY 450 per MT respectively when compared with the prior day.

316 SS Solid prices recorded increase by CNY 350 per MT over the prior day.

Meantime, Shred SS scrap prices were down by CNY 250 per MT from the previous day.

Brass/Bronze Scrap Prices

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

Brass Radiator prices surged higher by CNY 100 per MT on December 28^th, 2022.

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

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