Chinese Scrap Metal Prices Register Broad Decline on the Index – October 29, 2026
Daily Scrap Metal Price Report | 2026-10-30 06:24:05
Aluminum prices moved lower across every listed grade, while brass and bronze also weakened. Meanwhile, stainless steel and steel scrap prices remained unchanged.
By Anil Mathews
BEIJING (Scrap Monster): Chinese scrap metal prices reported broad weakness on the ScrapMonster Price Index on Thursday, October 29, 2026, with copper recording the largest declines.
Aluminum prices moved lower across every listed grade, while brass and bronze also weakened. Meanwhile, stainless steel and steel scrap prices remained unchanged.
- #1 Copper Bare Bright and #1/#2 Copper Wire and Tubing each fell CNY 500 per MT.
- Every listed aluminum scrap grade declined, with losses of CNY 50 to CNY 100 per MT.
- Red Brass and Yellow Brass fell CNY 100 per MT, while Brass Radiator declined CNY 50 per MT.
- All listed stainless steel grades held steady on the Index.
- #1 HMS and Cast Iron Scrap remained unchanged.
Copper Scrap Prices
Copper scrap recorded the strongest losses of the session.
#1 Copper Bare Bright, #1 Copper Wire and Tubing, and #2 Copper Wire and Tubing each declined by CNY 500 per MT.
#1 Insulated Copper Wire 85% Recovery fell CNY 250 per MT, while #2 Insulated Copper Wire 50% Recovery declined CNY 100 per MT.
Copper Transformer Scrap, Cu Yokes, Harness Wire 35% Recovery, Scrap Electric Motors and Sealed Units remained unchanged.
Cu/Al Radiators declined CNY 100 per MT, and Heater Cores lost CNY 200 per MT.
Aluminum Scrap Prices
Aluminum scrap prices declined across every listed category.
6063 Aluminum Extrusions and Aluminum Ingots each fell CNY 150 per MT.
Aluminum Radiators and Aluminum Transformers declined CNY 50 per MT each.
E.C. Aluminum Wire, Old Cast and Old Sheet each lost CNY 150 per MT.
Used Beverage Cans and Zorba 90% NF declined CNY 50 per MT each.
Steel Scrap Prices
#1 HMS prices held steady over the previous day's levels.
Cast Iron Scrap reported no change in prices.
Stainless Steel Prices
On the ScrapMonster China Stainless Steel Scrap Price Index, 201 SS, 304 SS Solid, 304 SS Turning, and 309 SS saw no change over the previous day.
310 SS, 316 SS Solid, and Shred SS also held steady.
Brass/Bronze Scrap Prices
Brass/bronze scrap prices in China recorded a modest decline over the day on the ScrapMonster China Brass/Bronze Scrap Price Index.
Brass Radiator declined CNY 50 per MT.
Red Brass and Yellow Brass each fell CNY 100 per MT.
Subscribe to Scrap Monster Live Scrap Prices
POLL
Which scrap metal category recorded the sharpest price decline in China on October 29, 2026?
Frequently Asked Questions
- How did Chinese scrap metal prices perform on October 29, 2026?
Chinese scrap metal prices recorded widespread declines on October 29, 2026. Copper experienced the sharpest losses, followed by aluminum and brass. In contrast, steel, cast iron and all listed stainless steel grades remained unchanged on the ScrapMonster Price Index.
- Which copper scrap grades recorded the biggest price declines?
#1 Copper Bare Bright, #1 Copper Wire and Tubing, and #2 Copper Wire and Tubing recorded the largest declines, with each falling CNY 500 per MT. #1 Insulated Copper Wire 85% Recovery declined CNY 250 per MT, while #2 Insulated Copper Wire 50% Recovery dropped CNY 100 per MT.
- How much did aluminum scrap prices decline in China?
All listed aluminum scrap categories recorded declines ranging from CNY 50 to CNY 150 per MT. 6063 Aluminum Extrusions, Aluminum Ingots, E.C. Aluminum Wire, Old Cast and Old Sheet each lost CNY 150 per MT. Aluminum Radiators, Aluminum Transformers, Used Beverage Cans and Zorba 90% NF declined by CNY 50 per MT each.
