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Scrap Prices August 04, 2021 08:15:26 PM

3rd August, 2021: Chinese Scrap Metal Prices Dropped Significantly on Index

Anil Mathews
ScrapMonster Author
309 SS and 310 SS prices witnessed decline by CNY 50 per MT each.

3rd August, 2021: Chinese Scrap Metal Prices Dropped Significantly on Index

BEIJING (Scrap Monster): The Chinese Copper and Aluminum scrap prices declined significantly on ScrapMonster Price Index  as on August 3rd, Tuesday. Brass, Bronze and Stainless Steel scrap prices witnessed decline on Index when compared with the previous day. Meantime, 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 1,000 per MT each.

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

#1 Insulated Copper Wire 85% Recovery prices were down by CNY 500 per MT. The price of #2 Insulated Copper Wire 50% Recovery witnessed decline by CNY 200 per MT over the previous day.

Copper Transformer scrap and Cu Yokes prices were down by CNY 50 per MT and CNY 100 per MT respectively.

Cu/Al Radiator and Heater Cores prices recorded decline by CNY 200 per MT and CNY 300 per MT respectively on Index.

Harness Wire 35% Recovery prices dropped by CNY 100 per MT on Tuesday, August 3rd, 2021.

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

Aluminum Scrap Prices

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

Aluminum Ingots too dropped by CNY 150 per MT.

The prices of Aluminum Radiators and Aluminum Transformers edged lower by CNY 50 per MT each on Index.

E.C Aluminum Wire prices dropped by CNY 150 per MT.

Old Cast and Old Sheet prices witnessed decline by CNY 150 per MT each on August 3rd, 2021.

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

Steel Scrap Prices

#1 HMS prices held steady on 3rd August, 2021.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS, 304 SS Solid and 304 SS Turning prices remained unchanged over the previous day.

309 SS and 310 SS prices witnessed decline by CNY 50 per MT each.

316 SS Solid scrap prices edged lower by CNY 50 per MT over the day on August 3rd, 2021.

Shred SS prices witnessed no change on Index.

 Brass/Bronze Scrap Prices

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

Brass Radiator scrap prices dropped by CNY 100 per MT on August 3rd, 2021.

Red Brass and Yellow Brass prices too were down by CNY 150 per MT each on Index.

                                                                             

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