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Scrap Prices December 11, 2023 07:40:17 PM

8th December, 2023: Chinese Scrap Metal Prices Surged on Index

Anil Mathews
ScrapMonster Author
304 SS Solid and 304 SS Turning prices soared by CNY 250 per MT each on Index.
8th December, 2023: Chinese Scrap Metal Prices Surged on Index

BEIJING (Scrap Monster): The Chinese aluminum scrap prices surged higher on ScrapMonster Price Index  as on December 8th, Friday. Stainless Steel, Brass, Bronze, and Copper Scrap prices too were up from the previous day. Meantime, Steel scrap prices held steady.

Copper Scrap Prices

The #1 Copper Bare Bright prices were up by CNY 400 per MT.

#1 Copper Wire and Tubing saw price rise of CNY 400 per MT each.

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

#1 Insulated Copper Wire 85% Recovery prices were up by CNY 200 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery too surged higher by CNY 100 per MT when compared with the day before.

Copper Transformer scrap and Cu Yokes prices edged higher by CNY 50 per MT each on Index.

Cu/Al Radiators prices inched higher by CNY 100 per MT.

Harness Wire 35% Recovery and Heater Cores prices were unchanged on Friday, December 8th.

Also, Scrap Electric Motors and Sealed Units prices recorded no change on Index.

Aluminum Scrap Prices

6063 Extrusions witnessed a rise of CNY 50 per MT over the previous day.

Aluminum Ingots prices too were up by CNY 50 per MT.

Aluminum Radiators and Aluminum Transformers witnessed no change in prices on Index.

E.C Aluminum Wire prices inched higher by CNY 50 per MT.

Old Cast and Old Sheet prices jumped higher by CNY 50 per MT each on December 8th, 2023.

Meantime, UBC and Zorba 90%NF prices witnessed no change over the previous day.

Steel Scrap Prices

#1 HMS prices held steady on 8th December, 2023.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices inched higher by CNY 150 per MT on Index.

304 SS Solid and 304 SS Turning prices soared by CNY 250 per MT each on Index.

309 SS and 316 SS Solid prices spiked by CNY 350 per MT each when compared with the prior day.

310 SS scrap prices were up by CNY 450 per MT on December 8th, 2023.

Shred SS prices surged higher by CNY 250 per MT over the day.        

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China recorded modest rise from the previous day.

Brass Radiator prices surged higher by CNY 50 per MT on December 8th, 2023.

Red Brass and Yellow Brass prices were up by CNY 100 per MT each. 

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