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Scrap Prices March 08, 2019 06:45:24 AM

7th March, 2019: Chinese Scrap Metal Prices Witnessed Marginal Drop on Index

Anil Mathews
ScrapMonster Author
309 SS and 316 SS Solid prices declined by CNY 150 per MT each when compared with the prior day on 7th March, 2019.
7th March, 2019: Chinese Scrap Metal Prices Witnessed Marginal Drop on Index

BEIJING (Scrap Monster): The Chinese scrap metal prices mostly remained unchanged on ScrapMonster Price Index  as on March 7th, Thursday. Steel, Brass and Bronze scrap prices held steady. Aluminum scrap prices too remained unchanged over the previous day. Copper scrap prices recorded marginal decline. Also, Stainless Steel scrap prices edged lower from the previous day.

Copper Scrap Prices

The #1 Copper Bare Bright and #1 Copper Wire and Tubing saw price decline of CNY 200 per MT each.

The price of #2 Copper Wire and Tubing also decreased by CNY 200 per MT.

#1 Insulated Copper Wire 85% Recovery prices dropped marginally by CNY 50 per MT on Index over the previous day. The price of #2 Insulated Copper Wire 50% Recovery remained steady when compared with the day before.

Copper Transformer scrap prices saw no variation in prices over the previous day. No price-change was witnessed in Cu Yokes.

Cu/Al Radiator and Heater Cores prices reported no change over the previous day.

Harness Wire 35% Recovery prices saw no change on Thursday, March 7th, 2019.

Also, Scrap Electric Motors and Sealed Units prices remained unchanged.

Aluminum Scrap Prices

6063 Extrusions witnessed no change in prices over the previous day.

Aluminum Ingots too remained unchanged.

The prices of Aluminum Radiators and Aluminum Transformers saw no variation.

E.C Aluminum Wire prices remained unmoved.

Old Cast prices too were flat on 7th March, 2019.

The prices of Old Sheets and UBC held steady on Index.

Zorba 90% INF prices saw no change from the previous day.

Steel Scrap Prices

#1 HMS prices held steady on 7th March, 2019.

Cast Iron Scrap reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices recorded decline by CNY 50 per MT on Index.

304 SS Solid prices too were down by CNY 100 per MT over the previous day.

The price of 304 SS Turning dropped by CNY 100 per MT on Index.

309 SS and 316 SS Solid prices declined by CNY 150 per MT each when compared with the prior day on 7th March, 2019.

310 SS prices were down by CNY 200 per MT.

Shred SS prices too saw a decline by CNY 100 per MT over the day.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China remained unchanged on Index.

Brass Radiator scrap prices held steady on 7th March, 2019.

Red Brass and Yellow Brass prices too were flat on Index.

 

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