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Scrap Prices May 07, 2021 08:30:09 PM

6th May, 2021: Chinese Scrap Metal Prices Surged on Index

Anil Mathews
ScrapMonster Author
Shred SS prices inched higher by CNY 150 per MT from the previous day.

6th May, 2021: Chinese Scrap Metal Prices Surged on Index

BEIJING (Scrap Monster): The Chinese aluminum scrap prices surged higher on ScrapMonster Price Index  as on May 6th, Thursday. 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 1,350 per MT.

#1 Copper Wire and Tubing saw price rise of CNY 1,350 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 1,350 per MT.

#1 Insulated Copper Wire 85% Recovery prices were up by CNY 650 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery too surged higher by CNY 300 per MT when compared with the day before.

Copper Transformer and Cu Yokes scrap prices edged higher by CNY 100 per MT each over the previous day.

Cu/Al Radiator prices inched higher by CNY 300 per MT.

Harness Wire 35% Recovery prices were up by CNY 100 per MT on Index.

Heater Cores were up by CNY 400 per MT on Thursday, May 6th.

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

Aluminum Scrap Prices

6063 Extrusions witnessed a rise of CNY 300 per MT over the previous day.

Aluminum Ingots prices too were up by CNY 300 per MT.

Aluminum Radiators and Aluminum Transformers increased by CNY 150 per MT each on Index.

E.C Aluminum Wire prices inched higher by CNY 300 per MT.

Old Cast and Old Sheet prices jumped higher by CNY 300 per MT each on May 6th, 2021.

Meantime, UBC and Zorba 90%NF prices edged higher by CNY 150 per MT and CNY 100 per MT respectively on Index.

Steel Scrap Prices

#1 HMS prices held steady on 6th May, 2021.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices edged higher by CNY 100 per MT.

304 SS Solid and 304 SS Turning prices were up by CNY 150 per MT each on Index.

309 SS and 310 SS scrap prices edged higher by CNY 200 per MT and CNY 250 per MT respectively when compared with the prior day.

316 SS Solid prices were up by CNY 200 per MT on May 6th, 2021.

Shred SS prices inched higher by CNY 150 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 scrap prices edged higher by CNY 100 per MT on May 6th, 2021.

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

 

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