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Chinese Scrap Metal Prices: Copper Gains CNY 500/MT, Aluminum Rises – November 11, 2026
Chinese scrap prices recovered on November 11, led by CNY 500/MT gains in three clean copper grades. Aluminum and brass/bronze also advanced, while selected stainless steel grades declined and ferrous scrap benchmarks remained unchanged.
By Anil Mathews | Published: November 12, 2026 | Market data: November 11, 2026
Market at a Glance
Copper: ▲ CNY 100–500/MT across seven grades, led by clean copper; five unchanged.
Aluminum: ▲ CNY 50–100/MT across all nine reported grades.
Brass/Bronze: ▲ CNY 50–100/MT across all three reported grades.
Stainless Steel: ▼ CNY 50–100/MT across three grades; four unchanged.
Steel: → Unchanged for #1 HMS and Cast Iron Scrap.
BEIJING (Scrap Monster): Chinese scrap metal prices moved mostly higher on Wednesday, November 11, 2026, according to the ScrapMonster Price Index.
Three major clean copper grades gained CNY 500 per metric ton, recovering from the previous session's decline. Aluminum and brass/bronze also strengthened, although aluminum's gains were considerably smaller than Tuesday's losses. Stainless steel posted selective declines, while steel scrap held steady.
ScrapMonster Edge: Aluminum Rebounds but Remains Below Monday's Levels
Wednesday's gains did not erase Tuesday's aluminum selloff. Five aluminum grades that fell CNY 800/MT on November 10 recovered just CNY 100/MT, leaving them down a net CNY 700/MT over two sessions. Four other grades recovered CNY 50/MT after falling CNY 400/MT, leaving a two-session decline of CNY 350/MT.
Operator takeaway: The recovery was stronger in copper, with the three principal clean grades gaining CNY 500/MT after Tuesday's CNY 100/MT decline. Buyers and processors should distinguish a one-day rebound from the cumulative movement across consecutive sessions.
Copper Scrap Prices
▲ CNY 100–500/MT | Seven grades higher; five unchanged
Copper recorded the largest individual price increases among the reported Chinese scrap categories, with three principal clean grades gaining CNY 500/MT.
▲ CNY 500/MT: #1 Copper Bare Bright, #1 Copper Wire and Tubing and #2 Copper Wire and Tubing.
▲ CNY 250/MT: #1 Insulated Copper Wire 85% Recovery.
▲ CNY 200/MT: Heater Cores.
▲ CNY 100/MT: #2 Insulated Copper Wire 50% Recovery and Cu/Al Radiators.
Unchanged: Copper Transformer Scrap, Cu Yokes, Harness Wire 35% Recovery, Scrap Electric Motors and Sealed Units.
Aluminum Scrap Prices
▲ CNY 50–100/MT | All nine reported grades increased
Aluminum prices recovered across every reported grade, although the increases were smaller than the previous session's declines.
▲ 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% NF.
Brass/Bronze Scrap Prices
▲ CNY 50–100/MT | All three reported grades increased
Brass and bronze scrap prices also moved higher after remaining unchanged in the previous session.
▲ CNY 100/MT: Red Brass and Yellow Brass.
▲ CNY 50/MT: Brass Radiator Scrap.
Stainless Steel Scrap Prices
▼ CNY 50–100/MT | Three grades lower; four unchanged
Stainless steel moved against the broader nonferrous recovery, with three grades declining and four holding steady.
▼ CNY 100/MT: 310 SS.
▼ CNY 50/MT: 309 SS and 316 SS Solid.
Unchanged: 201 SS, 304 SS Solid, 304 SS Turning and Shred SS.
Steel Scrap Prices
→ Unchanged | Both reported grades held steady
Chinese ferrous scrap prices recorded no movement on the Index.
Unchanged: #1 HMS and Cast Iron Scrap.
Pricing scope: This report presents day-over-day movements in Chinese scrap metal buying benchmarks on the ScrapMonster Price Index, expressed in Chinese yuan per metric ton (CNY/MT). Individual buying quotations may vary by grade, material quality, recovery, region, quantity and buyer. Absolute proprietary Premium price levels are not disclosed.
