27th November, 2017: Chinese Scrap Metal Prices Witnessed Sharp Decline on Index

BEIJING (Scrap Monster): The Chinese copper scrap prices declined sharply on ScrapMonster Price Index  as on November 27^th, Monday. Brass and Bronze scrap prices too dropped on Index when compared with the previous day. Aluminum scrap prices too were down from the previous day. Meantime, Steel and Stainless Steel scrap prices held steady on Index.

Copper Scrap Prices

#1 Copper Bare Bright prices were down sharply by CNY 500 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too declined heavily by CNY 500 per MT each.

#1 Insulated Copper Wire 85% Recovery prices have declined by CNY 150 per MT upon comparison with the previous day to touch CNY 29,000 per MT. The price of #2 Insulated Copper Wire 50% Recovery prices was down by CNY 100 per MT over the previous day.

Copper Transformer prices dropped marginally by CNY 50 per MT over the previous day.

Cu Yokes and Harness Wire 35% Recovery prices inched lower by CNY 50 per MT and CNY 100 per MT respectively.

Cu/Al Radiator scrap prices witnessed decline of CNY 100 per MT.

Heater Cores prices were down by CNY 150 per MT to touch CNY 27,500 per MT on Monday, November 27^th.

Meantime, Scrap Electric Motors and Sealed Units prices remained unchanged when compared with the previous day.

Aluminum Scrap Prices

6063 Extrusions witnessed a price decline of CNY 50 per MT over the previous day.

Aluminum Ingots too dropped by CNY 50 per MT.

The prices of Aluminum Radiators and Aluminum Transformers witnessed no change on Index.

E.C Aluminum Wire prices dropped by CNY 50 per MT to touch CNY 14,850 per MT.

Old Cast prices too witnessed a down move of CNY 50 per MT.

The prices of Old Sheets declined by CNY 50 per MT on November 27^th, 2017.

Meantime, UBC and Zorba 90% INF prices remained flat on Index.

Steel Scrap Prices

#1 HMS prices held steady at CNY 1,630 per MT on 27^th November, 2017.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were unchanged at CNY 5,150 per MT.

304 SS Solid prices too remained flat over the previous day.

The price of 304 SS Turning saw no change on Index.

309 SS and 310 SS prices held steady when compared with the prior day.

316 SS Solid scrap prices were flat on November 27^th.

Shred SS prices too saw no variation in prices over the day.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China recorded marginal decline from the previous day.

Brass Radiator scrap prices recorded decline by CNY 100 per MT on November 27^th, 2017.

Red Brass and Yellow Brass prices too were down by CNY 100 per MT each.

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