Chinese Scrap Metal Prices Mostly Stable; Stainless Steel Falls on the Index – February 2, 2026
Daily Scrap Metal Price Report | 2026-02-03 10:27:08
Shred SS prices reported a price dip of CNY 300 per MT on the Index.
By Anil Mathews
BEIJING (Scrap Monster): The Chinese scrap metal prices were mostly flat on the ScrapMonster Price Index as of Monday, February 2, 2026. Only stainless steel prices recorded variation, with the prices of the commodity falling from the previous day’s prices.
- Copper: Held steady
- Aluminum: No variation
- Brass/Bronze: Flat trend
- Stainless Steel: Witnessed decline
- Steel: Remained stable
Copper Scrap Prices
The #1 Copper Bare Bright and #1 Copper Wire and Tubing witnessed no change in prices over the previous day.
The price of #2 Copper Wire and Tubing also were flat on the Index.
#1 Insulated Copper Wire 85% Recovery prices were unchanged. The price of #2 Insulated Copper Wire 50% Recovery recorded no variation over the previous day.
Copper Transformer and Cu Yokes scrap prices held steady on the Index.
Cu/Al Radiator prices witnessed no fluctuation upon comparison with the prior day.
Harness Wire 35% Recovery prices were stable as of Monday, February 2, 2026.
Heater Cores prices were unchanged on the Index.
Also, Scrap Electric Motors and Sealed Units prices recorded no change on the Index.
Aluminum Scrap Prices
6063 Extrusions witnessed no change over the previous day.
Aluminum Ingots prices also were flat on the Index.
The prices of Aluminum Radiators and Aluminum Transformers were unchanged on the Index.
E.C Aluminum Wire prices registered no change on the Index.
Old Cast and Old Sheet prices held steady as of February 2, 2026.
UBC and Zorba 90% INF prices recorded no change from the previous day’s price.
Steel Scrap Prices
#1 HMS prices held steady as of February 2, 2026.
Cast Iron Scrap reported no change in prices.
Stainless Steel Scrap Prices
- 201 SS: Down by CNY 200 per MT
- 304 SS Solid: Witnessed a decline of CNY 300 per MT
- 304 SS Turning: Dropped by CNY 300 per MT
- 309 SS: Recorded a fall of CNY 400 per MT
310 SS prices were down by CNY 500 per MT as of Monday, February 2, 2026.
316 SS Solid prices dipped by CNY 400 per MT from the previous day’s prices.
Shred SS prices reported a price dip of CNY 300 per MT on the Index.
Brass/Bronze Scrap Prices
The Brass/Bronze Scrap prices in China recorded no variation as of February 2, 2026.
- Brass Radiator: Held steady
- Red Brass: Flat trend
- Yellow Brass: Recorded no change
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Frequently Asked Questions
- Which scrap metal category recorded price declines in China on 2nd February, 2026?
Stainless steel scrap witnessed declines across several grades, including 201 SS, 304 SS, 309 SS, 310 SS, and 316 SS.
- Did copper scrap prices change in the Chinese market?
No, all major copper scrap grades, including bare bright copper and insulated copper wires, remained stable.
- What was the trend in steel scrap prices?
Steel scrap prices, including HMS and cast iron scrap, remained stable.
- What does the current pricing trend suggest about the Chinese scrap market?
The flat pricing trend suggests stable industrial demand and balanced scrap supply conditions, with localized softness in stainless steel demand.
