29th November, 2017: Chinese Scrap Metal Prices Dropped Sharply on Index

BEIJING (Scrap Monster): The Chinese copper scrap prices declined sharply on ScrapMonster Price Index  as on November 29^th, Wednesday. 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 250 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 250 per MT each.

#1 Insulated Copper Wire 85% Recovery prices have declined by CNY 50 per MT upon comparison with the previous day to touch CNY 28,800 per MT. The price of #2 Insulated Copper Wire 50% Recovery prices was unchanged over the previous day.

Copper Transformer prices witnessed no change from the prior day.

Cu Yokes and Harness Wire 35% Recovery prices remained flat.

Cu/Al Radiator scrap prices witnessed no change in prices.

Heater Cores prices were down by CNY 50 per MT to touch CNY 27,300 per MT on Wednesday, November 29^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 150 per MT over the previous day.

Aluminum Ingots too dropped by CNY 150 per MT.

The prices of Aluminum Radiators and Aluminum Transformers declined by CNY 50 per MT each.

E.C Aluminum Wire prices dropped by CNY 150 per MT to touch CNY 14,450 per MT.

Old Cast prices too witnessed a down move of CNY 150 per MT.

The prices of Old Sheets declined by CNY 150 per MT on November 29^th, 2017.

Meantime, UBC and Zorba 90% INF prices were down by CNY 100 per MT and CNY 50 per MT respectively on Index.

Steel Scrap Prices

#1 HMS prices held steady at CNY 1,630 per MT on 29^th November, 2017.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were unchanged at CNY 5,000 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 29^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 50 per MT on November 29^th, 2017.

Red Brass and Yellow Brass prices too were down by CNY 50 per MT each.

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