Chinese Scrap Metal Market Sees Strong Price Gains on the Index– August 4, 2026
Daily Scrap Metal Price Report | 2026-08-05 04:36:31
Copper, aluminum, stainless steel, and brass/bronze scrap prices jumped compared to the previous day, while steel scrap prices remained steady on the Index.
By Anil Mathews
BEIJING (Scrap Monster): Chinese scrap metal prices recorded notable gains on the ScrapMonster Price Index as of Tuesday, August 4, 2026.
Copper: Strong gains across all grades
Aluminum: Continued upward momentum
Brass/Bronze: Broad-based price increases
Stainless Steel: Posted modest gains
Steel: Prices remained stable
Copper, aluminum, stainless steel, and brass/bronze scrap prices jumped compared to the previous day, while steel scrap prices remained steady on the Index.
Copper Scrap Prices
Copper scrap prices saw broad-based gains on Tuesday, August 4, 2026.
#1 Copper Bare Bright and #1 Copper Wire and Tubing both surged by CNY 550 per MT compared to the previous day. Also, #2 Copper Wire and Tubing rose by CNY 550 per MT.
#1 Insulated Copper Wire with 85% recovery climbed CNY 250 per MT, and #2 Insulated Copper Wire (50% recovery) recorded an increase of CNY 100 per MT.
Copper Transformer scrap prices were flat over the previous day.
Cu/Al Radiator scrap jumped CNY 100 per MT, while Harness Wire (35% recovery) and Cu Yokes inched up CNY 50 per MT.
Heater Cores gained CNY 200 per MT, while Scrap Electric Motors and Sealed Units recorded no variation on the Index.
Aluminum Scrap Prices
6063 Extrusions and Aluminum Ingots witnessed a jump of CNY 150 per MT in prices over the previous day.
The prices of Aluminum Radiators and Aluminum Transformers were up by CNY 50 per MT each on the Index.
E.C Aluminum Wire, Old Cast, and Old Sheet prices increased by CNY 150 per MT on the Index as of August 4, 2026.
UBC and Zorba 90% INF prices increased by CNY 50 per MT each from the previous day’s price.
Steel Scrap Prices
#1 HMS prices held steady as of August 4, 2026.
Cast Iron Scrap reported no change in prices.
Stainless Steel Scrap Prices
201 SS: Saw an increase of CNY 50 per MT
304 SS Solid, 304 SS Turning, Shred SS: Witnessed a jump of CNY 100 per MT as of Tuesday, August 4, 2026.
309 SS, 316 SS Solid: Recorded a jump of CNY 150 per MT
310 SS: Edged higher by CNY 200 per MT
Brass/Bronze Scrap Prices
The Brass/Bronze Scrap prices in China recorded a notable jump as of August 4, 2026.
Brass Radiator: Increased by CNY 50 per MT
Red Brass, Yellow Brass: Edged higher by CNY 100 per MT
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POLL
Which Chinese scrap metal segment showed the strongest price momentum on August 4, 2026?
Frequently Asked Questions
- Which scrap metal recorded the biggest price increase in China on August 4, 2026?
Copper scrap posted the strongest gains, with #1 Copper Bare Bright, #1 Copper Wire & Tubing, and #2 Copper Wire & Tubing each rising by CNY 550 per metric ton.
- Were steel scrap prices higher on the ScrapMonster Price Index?
No. Steel scrap prices remained unchanged, with both #1 HMS and Cast Iron Scrap holding steady.
- How did stainless steel and brass scrap perform?
Both markets moved higher. Stainless steel scrap gained between CNY 50 and CNY 200 per metric ton, while Red Brass and Yellow Brass rose CNY 100 per metric ton.
