18th October, 2023: Chinese Scrap Metal Prices Soared on Index

BEIJING (Scrap Monster): The Chinese aluminum scrap prices surged higher on ScrapMonster Price Index  as on October 18^th,Wednesday. Brass, Bronze, and Copper Scrap prices too were up from the previous day. Stainless Steel scrap prices surged on Index. Meantime, Steel scrap prices held steady.

Copper Scrap Prices

The #1 Copper Bare Bright prices were up by CNY 800 per MT.

#1 Copper Wire and Tubing saw price rise of CNY 800 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 800 per MT.

#1 Insulated Copper Wire 85% Recovery prices were up by CNY 400 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery too surged higher by CNY 200 per MT when compared with the day before.

Copper Transformer scrap and Cu Yokes prices edged higher by CNY 50 per MT on Index.

Cu/Al Radiator and Heater Cores prices inched higher by CNY 200 per MT and CNY 300 per MT respectively.

Harness Wire 35% Recovery prices were up by CNY 100 per MT on Wednesday, October 18^th.

Also, Scrap Electric Motors and Sealed Units prices saw increase by CNY 50 per MT each on Index.

Aluminum Scrap Prices

6063 Extrusions witnessed a rise of CNY 100 per MT over the previous day.

Aluminum Ingots prices too were up by CNY 100 per MT.

Aluminum Radiators and Aluminum Transformers witnessed rise by CNY 50 per MT each on Index.

E.C Aluminum Wire prices inched higher by CNY 100 per MT.

Old Cast and Old Sheet prices jumped higher by CNY 100 per MT each on October 18^th, 2023.

Meantime, UBC prices inched higher by CNY 50 per MT on Index.

Zorba 90%NF prices witnessed upmove by CNY 50 per MT over the day.

Steel Scrap Prices

#1 HMS prices held steady on 18^th October, 2023.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS scrap prices were unchanged over the day.

304 SS Solid prices and 304 SS Turning priced edged higher by CNY 50 per MT each on October 18^th, 2023.

309 SS and 310 SS scrap prices edged higher by CNY 100 per MT and CNY 150 per MT respectively when compared with the prior day.

316 SS Solid and Shred SS prices too were up by CNY 100 per MT and CNY 50 per MT respectively from the previous day.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China recorded modest rise from the previous day.

Brass Radiator scrap prices increased by CNY 100 per MT on October 18^th, 2023.

Red Brass and Yellow Brass prices were up by CNY 150 per MT each. 

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