Chinese Scrap Metal Prices Surged Significantly on Index
The Chinese aluminum scrap prices surged higher on ScrapMonster Price Index as on February 28,, Monday. 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 300 per MT.
#1 Copper Wire and Tubing saw price rise of CNY 300 per MT each.
The price of #2 Copper Wire and Tubing also increased by CNY 300 per MT.
#1 Insulated Copper Wire 85% Recovery prices were up by CNY 150 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery too surged higher by CNY 50 per MT when compared with the day before.
Copper Transformer scrap and Cu Yokes prices remained unchanged on Index.
Cu/Al Radiator and Heater Cores prices inched higher by CNY 50 per MT and CNY 100 per MT respectively.
Harness Wire 35% Recovery prices held steady on Monday, February 28
Also, Scrap Electric Motors and Sealed Units prices witnessed no change on Index.
Aluminum Scrap Prices
6063 Extrusions witnessed a rise of CNY 400 per MT over the previous day.
Aluminum Ingots prices too were up by CNY 400 per MT.
Aluminum Radiators and Aluminum Transformers witnessed rise by CNY 200 per MT each on Index.
E.C Aluminum Wire prices inched higher by CNY 400 per MT.
Old Cast and Old Sheet prices jumped higher by CNY 400 per MT each on February 28
Meantime, UBC prices inched higher by CNY 200 per MT on Index.
Zorba 90%NF prices witnessed upmove by CNY 200 per MT over the day.
Steel Scrap Prices
#1 HMS prices held steady on 28
Cast Iron Scrap too reported no change in prices.
Stainless Steel Scrap Prices
201 SS and 304 SS Solid prices were up by CNY 50 per MT and CNY 100 per MT respectively on Index.
304 SS Turning priced edged higher by CNY 100 per MT on February 28
309 SS and 310 SS scrap prices edged higher by CNY 150 per MT and CNY 200 per MT respectively when compared with the prior day.
316 SS Solid and Shred SS prices recorded increase by CNY 150 per MT and CNY 100 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 prices were unchanged on February 28
Red Brass and Yellow Brass prices were up by CNY 50 per MT each.
