8th May, 2024: Chinese Scrap Metal Prices Dipped on Index

BEIJING (Scrap Monster): The Chinese copper and aluminum scrap prices declined sharply on ScrapMonster Price Index  as on May 8^th, Wednesday. Brass/Bronze and Stainless Steel scrap prices dropped on Index when compared with the previous day. Meantime, Steel scrap prices held steady on Index.

Copper Scrap Prices

#1 Copper Bare Bright prices were down by CNY 1,000 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too declined by CNY 1,000 per MT each.

#1 Insulated Copper Wire 85% Recovery prices have declined by CNY 500 per MT upon comparison with the previous day. The price of #2 Insulated Copper Wire 50% Recovery prices recorded a dip by CNY 200 per MT over the previous day.

Copper Transformer scrap prices edged lower by CNY 50 per MT over the previous day. A similar decline of CNY 50 per MT was witnessed in Cu Yokes.

Cu/Al Radiator prices dropped by CNY 200 per MT on Index.

Harness Wire 35% Recovery prices dipped by CNY 50 per MT on Wednesday, May 8^th, 2024.

Heater Cores prices were down by CNY 400 per MT.

Meantime, Scrap Electric Motors and Sealed Units prices recorded decline by CNY 50 per MT each over the previous day.

Aluminum Scrap Prices

6063 Extrusions witnessed dip in prices by CNY 200 per MT over the previous day.

Aluminum Ingots too were down by CNY 200 per MT on Index.

The prices of Aluminum Radiators and Aluminum Transformers saw decline by CNY 100 per MT each.

E.C Aluminum Wire prices dropped by CNY 200 per MT on Index.

Old Cast and Old Sheet prices too recorded decline by CNY 200 per MT on 8^th May, 2024.

The prices of UBC were down by CNY 100 per MT on Index.

Zorba 90% INF prices declined by CNY 100 per MT from the previous day.

Steel Scrap Prices

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

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were down by CNY 50 per MT on Index.

304 SS Solid and 304 SS Turning prices witnessed a decline by CNY 100 per MT each on Index.

309 SS and 316 SS Solid prices registered decline by CNY 150 per MT each when compared with the prior day.

310 SS scrap prices edged lower by CNY 200 per MT on May 8^th, 2024.

Shred SS prices recorded a dip of CNY 100 per MT over the day.        

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China recorded decline on Index.

Brass Radiator scrap prices edged lower by CNY 50 per MT on May 8^th, 2024.

Red Brass and Yellow Brass prices registered declines by CNY 100 per MT each on Index.

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