16th October, 2023: Chinese Scrap Metal Prices Surged on Index

BEIJING (Scrap Monster): The Chinese aluminum scrap prices witnessed no change on ScrapMonster Price Index  as on October 16^th, Monday. Copper and Stainless Steel scrap prices were up from the previous day. Meantime, Brass, Bronze and Steel scrap prices held steady.

Copper Scrap Prices

The #1 Copper Bare Bright prices were up by CNY 50 per MT.

#1 Copper Wire and Tubing saw price rise of CNY 50 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 50 per MT.

#1 Insulated Copper Wire 85% Recovery prices were unchanged over the previous day. The price of #2 Insulated Copper Wire 50% Recovery witnessed no change when compared with the day before.

Copper Transformer and Cu Yokes scrap prices were unchanged.

Cu/Al Radiators saw no change in prices.

Harness Wire 35% Recovery prices held steady over the previous day.

Heater Cores were flat on Monday, October 16^th.

Meantime, Scrap Electric Motors and Sealed Units prices witnessed no change on Index.

Aluminum Scrap Prices

6063 Extrusions witnessed no change in prices over the previous day.

Aluminum Ingots too remained unchanged.

The prices of Aluminum Radiators and Aluminum Transformers saw no variation.

E.C Aluminum Wire prices remained unmoved on Index.

Old Cast prices too were flat on 16^th October, 2023.

The prices of Old Sheets and UBC held steady on Index.

Zorba 90% INF prices saw no change from the previous day.

Steel Scrap Prices

#1 HMS prices held steady on 16^th October, 2023.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices increased by CNY 50 per MT on Index.

304 SS Solid prices too surged higher by CNY 100 per MT over the previous day.

The price of 304 SS Turning recorded increase by CNY 100 per MT on Index.

309 SS and 316 SS prices soared by CNY 150per MT each when compared with the prior day.

310 SS Solid scrap prices were up by CNY 200 per MT on October 16^th, 2023.

Shred SS prices too increased by CNY 100 per MT over the day.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China recorded no change from the previous day.

Brass Radiator scrap prices were unchanged on October 16^th, 2023.

Red Brass and Yellow Brass prices too were flat on Index.

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