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SCRAPMONSTER | CHINESE DAILY SCRAP METAL PRICE REPORT
Chinese Scrap Metal Prices: Copper Gains CNY 250/MT, Stainless Rises – November 5, 2026
Chinese scrap metal prices advanced on November 5, 2026, with three major copper grades gaining CNY 250 per metric ton. Aluminum increased across all reported grades, while stainless steel rose by up to CNY 350/MT. Steel and brass/bronze benchmarks remained unchanged.
By Anil Mathews | Published: November 6, 2026 | Market data: November 5, 2026
Market at a Glance
- Copper: ▲ CNY 250/MT across three major grades; Insulated Copper Wire and Heater Cores also gained.
- Aluminum: ▲ CNY 50–100/MT across all nine listed grades.
- Brass/Bronze: → Flat across all three reported grades.
- Stainless Steel: ▲ CNY 150–350/MT across all seven reported grades.
- Steel: → Flat for #1 HMS and Cast Iron Scrap.
BEIJING (Scrap Monster): Chinese scrap metal buying benchmarks recorded gains across copper, aluminum and stainless steel on Thursday, November 5, 2026, according to the ScrapMonster Price Index.
Copper scrap prices increased across selected grades, led by #1 Copper Bare Bright, #1 Copper Wire and Tubing and #2 Copper Wire and Tubing, which each gained CNY 250 per metric ton.
Aluminum prices advanced across every reported grade, while stainless steel recovered following the previous session's declines. Steel and brass/bronze prices held steady.
SCRAPMONSTER EDGE | MARKET ANALYSIS
Copper Extends Its Recovery While Stainless Steel Reverses Direction
China's three major clean copper grades gained CNY 250/MT on November 5, following increases of CNY 350/MT in the previous session.
That brings their cumulative two-session recovery to CNY 600/MT. However, the increase only partially offsets the CNY 1,400/MT decline recorded on November 3, leaving these benchmarks CNY 800/MT lower over the three sessions.
Stainless steel also reversed its previous day's weakness. Grades that declined on November 4 returned to positive territory on November 5, with gains ranging from CNY 250 to CNY 350/MT among the affected grades.
Operator takeaway: Copper's consecutive daily gains mark a recovery from earlier losses, but the three-session comparison shows that the rebound remains incomplete. Meanwhile, stainless steel's direction has changed sharply. Scrap processors and traders should monitor each grade's cumulative movement rather than relying on the latest session alone.
Copper Scrap Prices
▲ CNY 50–250/MT | Five grades higher; seven unchanged
Copper scrap prices increased across five reported grades, led by three clean copper benchmarks that each advanced CNY 250/MT:
- #1 Copper Bare Bright
- #1 Copper Wire and Tubing
- #2 Copper Wire and Tubing
#1 Insulated Copper Wire 85% Recovery increased CNY 100/MT, while Heater Cores gained CNY 50/MT.
→ Unchanged: Copper Transformer Scrap, Cu/Al Radiator Scrap, Harness Wire 35% Recovery, #2 Insulated Copper Wire 50% Recovery, Cu Yokes, Scrap Electric Motors and Sealed Units.
Aluminum Scrap Prices
▲ CNY 50–100/MT | All nine reported grades higher
Aluminum scrap prices strengthened across all reported categories after remaining unchanged during the previous session.
Five grades gained CNY 100/MT each:
- 6063 Extrusions
- Aluminum Ingots
- E.C. Aluminum Wire
- Old Cast
- Old Sheet
Four additional grades increased CNY 50/MT each: Aluminum Radiators, Aluminum Transformers, UBC and Zorba 90% INF.
No unchanged aluminum grades were reported for the November 5 session.
Brass/Bronze Scrap Prices
→ Flat | All three reported grades unchanged
Chinese brass and bronze scrap buying benchmarks held steady on November 5, following the previous session's modest gains.
Unchanged: Brass Radiator, Red Brass and Yellow Brass.
None of the three listed grades registered a day-over-day price adjustment.
Stainless Steel Scrap Prices
▲ CNY 150–350/MT | All seven reported grades higher
Stainless steel scrap prices posted widespread gains on November 5, reversing the weakness recorded during the previous session.
▲ CNY 350/MT: 309 SS, 310 SS and 316 SS Solid registered the largest reported increases.
▲ CNY 250/MT: 304 SS Solid, 304 SS Turning and Shred SS advanced by the same amount.
▲ CNY 150/MT: 201 SS recorded a smaller daily increase.
All seven tracked stainless steel grades closed the session above their previous-day levels.
Steel Scrap Prices
→ Flat | Both reported benchmarks unchanged
Chinese ferrous scrap prices remained unchanged despite the gains recorded across several nonferrous categories.
Unchanged: #1 HMS and Cast Iron Scrap.
Neither grade recorded a daily adjustment on the ScrapMonster Price Index.
