20th October, 2022: Chinese Scrap Metal Prices Soared on Index
The price of 304 SS Turning increased by CNY 100 per MT on Index.
BEIJING (Scrap Monster): The Chinese aluminum scrap prices surged higher on ScrapMonster Price Index as on October 20th, Thursday. Stainless Steel, Brass, Bronze, and Copper Scrap prices too 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 100 per MT.
#1 Copper Wire and Tubing saw price rise of CNY 100 per MT each.
The price of #2 Copper Wire and Tubing also increased by CNY 100 per MT.
#1 Insulated Copper Wire 85% Recovery prices were up by CNY 50 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery held steady when compared with the day before.
Copper Transformer scrap and Cu Yokes prices were flat on Index.
Cu/Al Radiators and Heater Cores prices too witnessed no change over the previous day.
Harness Wire 35% Recovery prices were flat on Thursday, October 20th.
Also, Scrap Electric Motors and Sealed Units prices saw no variation on Index.
Aluminum Scrap Prices
6063 Extrusions witnessed a rise of CNY 150 per MT over the previous day.
Aluminum Ingots prices too were up by CNY 150 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 150 per MT.
Old Cast and Old Sheet prices jumped higher by CNY 150 per MT each on October 20th, 2022.
Meantime, UBC and Zorba 90%NF prices inched higher by CNY 50 per MT each on Index.
Steel Scrap Prices
#1 HMS prices held steady on 20th October, 2022.
Cast Iron Scrap too reported no change in prices.
Stainless Steel Scrap Prices
201 SS prices edged higher by CNY 100 per MT on Index.
304 SS Solid prices too were up by CNY 100 per MT over the previous day.
The price of 304 SS Turning increased by CNY 100 per MT on Index.
309 SS and 316 SS prices spiked by CNY 150 per MT each when compared with the prior day.
310 SS Solid scrap prices were up by CNY 200 per MT on October 20th, 2022.
Shred SS prices inched higher 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 prices held steady on October 20th, 2022.
Red Brass and Yellow Brass prices too were flat on Index.
Scrap Metal Prices
| Copper Scrap | ||
| Alternator | 0.40 | $US/Lb |
| #1 Copper Bare Bright | 4.21 | $US/Lb |
| Aluminum Scrap | ||
| 356 Aluminum Wheels (Clean) | 0.82 | $US/Lb |
| 6061 Extrusions | 0.72 | $US/Lb |
| Steel Scrap | ||
| #1 Bundle | 360.00 | $US/MT |
| #1 Busheling | 380.00 | $US/MT |
| Electronics Scrap | ||