2nd June, 2021: Chinese Scrap Metal Prices Nosedived on Index

BEIJING (Scrap Monster): The Chinese Copper and Aluminum scrap prices declined significantly on ScrapMonster Price Index  as on June 2^nd, Wednesday. Brass and Bronze scrap prices witnessed decline on Index when compared with the previous day. Meantime, Stainless Steel and Steel scrap prices held steady over the day.

Copper Scrap Prices

The #1 Copper Bare Bright and #1 Copper Wire and Tubing saw price decline of CNY 400 per MT each.

The price of #2 Copper Wire and Tubing also decreased by CNY 400 per MT.

#1 Insulated Copper Wire 85% Recovery prices were down by CNY 200 per MT. The price of #2 Insulated Copper Wire 50% Recovery witnessed decline by CN 50 per MT over the previous day.

Copper Transformer scrap and Cu Yokes prices held steady on Index.

Cu/Al Radiator and Heater Cores prices recorded decline by CNY 50 per MT and CNY 150 per MT respectively on Index.

Harness Wire 35% Recovery prices remained unchanged on Wednesday, June 2^nd, 2021.

Also, Scrap Electric Motors and Sealed Units prices witnessed no change over the day.

Aluminum Scrap Prices

6063 Extrusions witnessed a price decline of CNY 250 per MT over the previous day.

Aluminum Ingots too dropped by CNY 250 per MT.

The prices of Aluminum Radiators and Aluminum Transformers edged lower by CNY 100 per MT each on Index.

E.C Aluminum Wire prices dropped by CNY 250 per MT.

Old Cast and Old Sheet prices witnessed decline by CNY 250 per MT each on June 2^nd, 2021.

UBC and Zorba 90% NF prices reported declines by CNY 100 per MT and CNY 50 per MT respectively over the previous day.

Steel Scrap Prices

#1 HMS prices held steady on 2^nd June, 2021.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were unchanged on Index.

304 SS Solid prices too remained flat over the previous day.

The price of 304 SS Turning saw no change on Index.

309 SS and 316 SS prices held steady when compared with the prior day.

310 SS Solid scrap prices were flat on June 2^nd, 2021.

Shred SS prices too saw no variation in prices over the day.        

 Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China declined on Index.

Brass Radiator scrap prices witnessed no change on June 2^nd, 2021.

Red Brass and Yellow Brass prices too were down by CNY 50 per MT each on Index.

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