China Scrap Prices: Copper Plunges CNY 1,400/MT as Aluminum and Brass Also Decline- November 3, 2026
Daily Scrap Metal Price Report | 2026-11-04 04:07:51
#1 Copper Bare Bright, #1 Copper Wire and Tubing, and #2 Copper Wire and Tubing each fell sharply by CNY 1,400 per MT.
By Anil Mathews
BEIJING (Scrap Monster): Chinese scrap metal prices posted a marked decline on the ScrapMonster Price Index as of Tuesday, November 3, 2026.
- Copper: All grades declined by CNY 50–1,400/MT.
- Aluminum: All grades fell by CNY 50–100/MT.
- Steel: Prices remained unchanged.
- Stainless Steel: All grades held steady.
- Brass/Bronze: Prices dropped by CNY 100–200/MT.
Copper Scrap Prices
Copper scrap prices on the ScrapMonster Price Index declined across multiple categories.
#1 Copper Bare Bright, #1 Copper Wire and Tubing, and #2 Copper Wire and Tubing each fell sharply by CNY 1,400 per MT.
#1 Insulated Copper Wire (85% Recovery) dropped CNY 700 per MT, while #2 Insulated Copper Wire (50% Recovery) and Cu/Al Radiators each fell CNY 200 per MT.
Copper Transformer Scrap, Cu Yokes, and Harness Wire (35% Recovery) each declined by CNY 50 per MT. Heater Cores fell CNY 600 per MT, and Scrap Electric Motors and Sealed Units each fell CNY 50 per MT.
Aluminum Scrap Prices
Aluminum scrap prices on the ScrapMonster Price Index moved lower across all grades.
6063 Aluminum Extrusions and Aluminum Ingots each fell CNY 100 per metric ton. Aluminum Radiators and Aluminum Transformers dipped CNY 50 per MT each.
E.C. Aluminum Wire, Old Cast, and Old Sheet each recorded a drop of CNY 100 per metric ton. Used Beverage Cans (UBC) and Zorba 90% INF each posted a decline of CNY 50 per MT.
Steel Scrap Prices
#1 HMS prices held steady on the Index, and Cast Iron Scrap reported no change in prices.
Stainless Steel Prices
Stainless steel scrap prices on the ScrapMonster Price Index registered no variation.
201 SS, 304 SS Solid, 304 SS Turning, 309 SS, 316 SS Solid, and Shredded Stainless Steel saw no change in prices.
Also, 310 SS prices held steady on the Index.
Brass/Bronze Scrap Prices
Brass/Bronze scrap prices in China recorded a decline.
Brass Radiator dipped by CNY 100 per MT, while Red Brass and Yellow Brass each fell by CNY 200 per MT.
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Which Chinese scrap metal category experienced the most significant price weakness on November 3, 2026?
Frequently Asked Questions
- How did Chinese scrap metal prices perform on November 3, 2026?
Chinese scrap metal prices recorded an overall decline on the ScrapMonster Price Index. Copper, aluminum and brass/bronze prices moved lower across the listed categories, while steel and stainless steel scrap prices remained unchanged.
- Which copper scrap grades recorded the largest price declines?
#1 Copper Bare Bright, #1 Copper Wire and Tubing, and #2 Copper Wire and Tubing registered the steepest declines, with each grade falling CNY 1,400 per metric ton. Heater Cores also recorded a significant drop of CNY 600/MT.
- What was the trend in Chinese aluminum scrap prices?
Aluminum scrap prices declined across all listed grades, with losses ranging between CNY 50 and CNY 100 per metric ton. 6063 Aluminum Extrusions, Aluminum Ingots, E.C. Aluminum Wire, Old Cast and Old Sheet each fell CNY 100/MT.
