Chinese Scrap Metal Update: Gains in Copper and Brass/Bronze Offset Weaker Stainless Steel Pricing – November 4, 2026

MONTREAL (Scrap Monster): Chinese scrap metal prices reported a mixed trend on the ScrapMonster Price Index on Wednesday, November 4, 2026, as gains in copper and brass/bronze grades were offset by weaker stainless steel pricing, while aluminum and steel scrap held steady.

Market Snapshot

• Copper: Mostly higher, with key grades gaining by as much as CNY 350 per MT.
• Aluminum: Held steady.
• Brass/Bronze: Broadly higher, with all benchmark grades up CNY 50 per MT.
• Stainless Steel: Lower across major grades, with declines ranging from CNY 50 to CNY 100 per MT.
• Steel: Unchanged from the previous day.

Copper Scrap Prices Post Broad-Based Gains

Copper scrap prices moved higher across several key grades. #1 Copper Bare Bright, #1 Copper Wire and Tubing, and #2 Copper Wire and Tubing each advanced by CNY 350 per MT from the previous day.

#1 Insulated Copper Wire 85% Recovery gained CNY 150 per MT, while #2 Insulated Copper Wire 50% Recovery saw a jump of CNY 50 per MT.

Copper Transformer scrap, Cu Yokes, Harness Wire 35% Recovery, Scrap Electric Motors, and Sealed Units remained unchanged on the Index.

Cu/Al Radiator and Heater Cores prices inched up by CNY 50 per MT and CNY 250 per MT, respectively.

Aluminum Scrap Prices Held Steady

Aluminum scrap prices remained flat across grades. 6063 Extrusions, Aluminum Ingots, E.C Aluminum Wire, Old Cast, and Old Sheet each reported no variation in prices.

Also, Aluminum Radiators, Aluminum Transformers, UBC, and Zorba 90% INF prices remained unchanged on the Index.

Steel Scrap Prices Hold Steady

Steel scrap prices remained unchanged on the day.

#1 HMS and Cast Iron Scrap both traded flat, signaling a stable near-term pricing environment in the ferrous scrap segment.

Stainless Steel Scrap Records Declines

Stainless steel scrap prices moved lower on the Index.

201 SS prices were flat when compared with the previous day’s prices.

304 SS Solid, 304 SS Turning, 309 SS, 316 SS Solid, and Shred SS each declined by CNY 50 per MT.

Also, 310 SS fell by CNY 100 per MT.

Brass and Bronze Scrap Prices Jumped

Brass and bronze scrap prices edged higher on the Index.

Brass Radiator, Red Brass, and Yellow Brass each increased by CNY 50 per MT each from the previous day.

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