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SCRAPMONSTER | CHINESE DAILY SCRAP METAL PRICE REPORT
Chinese Scrap Metal Prices: Copper Falls CNY 1,100/MT, Stainless Rises – November 6, 2026
Chinese scrap metal prices recorded mixed movements on November 6, 2026. Three major copper grades declined CNY 1,100/MT, while aluminum and brass/bronze weakened. Stainless steel gained up to CNY 200/MT, and steel scrap remained unchanged.
By Anil Mathews | Published: November 9, 2026 | Market data: November 6, 2026
Market at a Glance
- Copper: ▼ CNY 1,100/MT across three clean grades; additional declines of CNY 50–550/MT. Copper Transformer Scrap unchanged.
- Aluminum: ▼ CNY 50–100/MT across all nine reported grades.
- Brass/Bronze: ▼ CNY 100–200/MT across all three reported grades.
- Stainless Steel: ▲ CNY 50–200/MT across all seven grades, led by 310 SS.
- Steel: → Flat for #1 HMS and Cast Iron Scrap.
BEIJING (Scrap Monster): Chinese scrap metal prices posted mixed movements on Friday, November 6, 2026, according to the ScrapMonster Price Index.
Copper recorded the largest declines, with #1 Copper Bare Bright, #1 Copper Wire and Tubing and #2 Copper Wire and Tubing each falling CNY 1,100 per metric ton.
Aluminum and brass/bronze prices also weakened, while stainless steel posted gains across every reported grade. Steel scrap benchmarks remained unchanged.
SCRAPMONSTER EDGE | MARKET ANALYSIS
Copper Reverses Thursday's Gain as Stainless Steel Advances
Friday's CNY 1,100/MT decline in three clean copper grades followed a CNY 250/MT increase on November 5.
The latest drop more than erased that gain, leaving these grades CNY 850/MT lower over the two sessions.
Stainless steel moved in the opposite direction. All seven listed grades advanced by CNY 50–200/MT, while aluminum and brass/bronze also recorded declines.
Operator takeaway: The divergence highlights why copper and stainless steel scrap should be evaluated separately. Scrap processors and traders should monitor cumulative grade-level movements rather than treating the latest direction of one metal as representative of the wider market.
Copper Scrap Prices
▼ CNY 50–1,100/MT | Eleven grades declined; one unchanged
Copper scrap prices weakened across nearly all reported categories, led by three clean grades that declined CNY 1,100/MT each:
- #1 Copper Bare Bright
- #1 Copper Wire and Tubing
- #2 Copper Wire and Tubing
Other copper grades registered smaller losses:
- ▼ CNY 550/MT: #1 Insulated Copper Wire 85% Recovery.
- ▼ CNY 500/MT: Heater Cores.
- ▼ CNY 200/MT: #2 Insulated Copper Wire 50% Recovery and Cu/Al Radiators.
- ▼ CNY 50/MT: Cu Yokes, Harness Wire 35% Recovery, Scrap Electric Motors and Sealed Units.
→ Unchanged: Copper Transformer Scrap.
Aluminum Scrap Prices
▼ CNY 50–100/MT | All nine grades declined
Aluminum scrap prices moved lower across every reported category.
▼ CNY 100/MT: 6063 Extrusions, Aluminum Ingots, E.C. Aluminum Wire, Old Cast and Old Sheet.
▼ CNY 50/MT: Aluminum Radiators, Aluminum Transformers, UBC and Zorba 90% INF.
No unchanged aluminum grades were reported during the session.
Brass/Bronze Scrap Prices
▼ CNY 100–200/MT | All three grades declined
Brass and bronze scrap prices weakened across the reported categories on November 6.
Red Brass and Yellow Brass each declined CNY 200/MT, while Brass Radiator prices fell CNY 100/MT.
Stainless Steel Scrap Prices
▲ CNY 50–200/MT | All seven grades increased
Chinese stainless steel scrap prices advanced across the reported categories, with 310 SS posting the largest daily increase.
- ▲ CNY 200/MT: 310 SS.
- ▲ CNY 150/MT: 309 SS and 316 SS Solid.
- ▲ CNY 100/MT: 304 SS Solid, 304 SS Turning and Shred SS.
- ▲ CNY 50/MT: 201 SS.
All seven listed stainless steel grades recorded positive day-over-day movements.
Steel Scrap Prices
→ Flat | Both reported grades unchanged
Chinese ferrous scrap prices remained unchanged on the ScrapMonster Price Index.
Unchanged: #1 HMS and Cast Iron Scrap.
Pricing scope: This report covers day-over-day movements in ScrapMonster Chinese scrap buying benchmarks, expressed in Chinese yuan per metric ton (CNY/MT). Actual quotations vary by grade, quality, recovery, quantity, location and buyer. Public price snapshots may be delayed; current proprietary Premium buying-price levels are not disclosed.
