8th March, 2024: Chinese Scrap Metal Prices Posted Notable Surge on Index

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

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 edged higher by CNY 200 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery soared by CNY 100 per MT when compared with the day before.

Copper Transformer scrap prices were up by CNY 50 per MT over the previous day. Cu Yokes prices too were up by CNY 50 per MT on Index.

Cu/Al Radiator and Harness Wire 35% Recovery prices recorded surge by CNY 100 per MT and CNY 50 per MT respectively over the day.

Heater Cores were up by CNY 150 per MT on Friday, March 8^th, 2024.

Meantime, Scrap Electric Motors and Sealed Units prices surged higher by CNY 50 per MT each 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 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 March 8^th, 2024.

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

Steel Scrap Prices

#1 HMS prices held steady on 8^th March, 2024.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were up by CNY 50 per MT over the previous day.

304 SS Solid and 304 SS Turning prices too increased by CNY 100 per MT each on Index.

309 SS and 316 SS Solid scrap prices edged higher by CNY 150 per MT each when compared with the prior day.

310 SS prices were up by CNY 200 per MT on March 8^th, 2024.

Shred SS prices posted an increase by CNY 50 per MT on Index.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China edged higher from the previous day.

Brass Radiator scrap prices were up by CNY 50 per MT on March 8^th, 2024.

Red Brass and Yellow Brass prices too increased by CNY 100 per MT each over the day.

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