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Scrap Prices July 03, 2024 07:40:21 PM

2nd July, 2024: Chinese Scrap Metal Prices Surged on Index

Anil Mathews
ScrapMonster Author
304 SS Solid and 304 SS Turning prices too were flat on Index.

2nd July, 2024: Chinese Scrap Metal Prices Surged on Index

BEIJING (Scrap Monster): The Chinese aluminum scrap prices surged higher on ScrapMonster Price Index  as on July 2nd, Tuesday. Brass/Bronze and Copper Scrap prices too were up from the previous day. Stainless Steel scrap prices were flat on Index. Also, Steel scrap prices held steady from the prior day.

Copper Scrap Prices

The #1 Copper Bare Bright prices were up by CNY 500 per MT.

#1 Copper Wire and Tubing saw price rise of CNY 500 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 500 per MT.

#1 Insulated Copper Wire 85% Recovery prices edged higher by CNY 250 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery soared by CNY 100 per MT when compared with the day before.

Copper Transformer scrap prices were up by CNY 50 per MT over the previous day. Cu Yokes prices too were up by CNY 50 per MT on Index.

Cu/Al Radiator and Harness Wire 35% Recovery prices recorded surge by CNY 100 per MT and CNY 50 per MT respectively over the day.

Heater Cores were up by CNY 150 per MT on Tuesday, July 2nd, 2024.

Meantime, Scrap Electric Motors and Sealed Units prices were unchanged on Index.

Aluminum Scrap Prices

6063 Extrusions witnessed a rise of CNY 100 per MT over the previous day.

Aluminum Ingots prices too were up by CNY 100 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 100 per MT.

Old Cast and Old Sheet prices jumped higher by CNY 100 per MT each on July 2nd, 2024.

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

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

Steel Scrap Prices

#1 HMS prices held steady on 2nd July, 2024.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were unchanged over the previous day.

304 SS Solid and 304 SS Turning prices too were flat on Index.

309 SS and 316 SS Solid scrap prices witnessed no change when compared with the prior day.

310 SS prices held steady on July 2nd, 2024.

Shred SS prices posted no change on Index.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China edged higher from the previous day.

Brass Radiator scrap prices were up by CNY 50 per MT on July 2nd, 2024.

Red Brass and Yellow Brass prices too increased by CNY 50 per MT each over the day.

 

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