9th May, 2023: Chinese Scrap Metal Prices Dropped on Index

BEIJING (Scrap Monster): The Chinese copper and aluminum scrap prices declined sharply on ScrapMonster Price Index  as on May 9^th, Tuesday. 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 400 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too declined by CNY 400 per MT each.

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

Copper Transformer and Cu Yokes scrap prices witnessed no change on Index.

Cu/Al Radiator prices dropped by CNY 50 per MT on Index.

Harness Wire 35% Recovery prices held steady on Tuesday, May 9^th, 2023.

Heater Cores prices were down by CNY 100 per MT.

Meantime, Scrap Electric Motors and Sealed Units prices too witnessed a dip of CNY 50 per MT.

Aluminum Scrap Prices

6063 Extrusions declined by CNY 200 per MT over the previous day.

Aluminum Ingots too dipped by CNY 200 per MT.

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

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

Old Cast prices posted decline by CNY 200 per MT on 9^th May, 2023.

The prices of Old Sheets too were down by CNY 200 per MT on Index.

Zorba 90% INF prices saw decline by CNY 100 per MT each from the previous day.

Steel Scrap Prices

#1 HMS prices held steady on 9^th May, 2023.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were down by CNY 100 per MT on Index.

304 SS Solid and 304 SS Turning prices declined by CNY 150 per MT each.

309 SS and 316 SS prices registered decline by CNY 200 per MT each when compared with the prior day.

310 SS scrap prices edged lower by CNY 250 per MT on May 9^th, 2023.

Shred SS prices recorded a dip by CNY 150 per MT over the day.        

Brass/Bronze Scrap Prices

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

Brass Radiator scrap prices recorded no change on May 9^th, 2023.

Red Brass and Yellow Brass prices registered declines by CNY 50 per MT each on Index.

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