9th January, 2024: Chinese Aluminum Scrap Prices Dropped on Index
Zorba 90% INF prices dropped by CNY 50 per MT from the previous day.
BEIJING (Scrap Monster): The Chinese scrap metal prices remained mostly unchanged on ScrapMonster Price Index as on Tuesday, January 9th, 2024. Steel, Brass and Bronze scrap prices held steady. Copper scrap prices too remained unchanged over the previous day. Aluminum scrap prices registered marginal decline, whereas Stainless Steel scrap prices edged higher.
Copper Scrap Prices
The #1 Copper Bare Bright and #1 Copper Wire and Tubing witnessed no price change over the previous day.
The price of #2 Copper Wire and Tubing also remained flat.
#1 Insulated Copper Wire 85% Recovery prices remained flat. The price of #2 Insulated Copper Wire 50% Recovery held steady over the previous day.
Copper Transformer scrap prices saw no variation in prices over the previous day. No price-change was witnessed in Cu Yokes.
Cu/Al Radiator prices remained unchanged.
Harness Wire 35% Recovery prices held steady on Tuesday, January 9th, 2024.
Also, Heater Cores, Scrap Electric Motors and Sealed Units prices remained unchanged.
Aluminum Scrap Prices
6063 Extrusions witnessed decline by CNY 150 per MT over the previous day.
Aluminum Ingots too were down by CNY 150 per MT.
The prices of Aluminum Radiators and Aluminum Transformers dropped by CNY 50 per MT each.
E.C Aluminum Wire prices dipped by CNY 150 per MT on Index.
Old Cast and Old Sheet prices too were down by CNY 150 per MT on 9th January, 2024.
The prices of UBC witnessed decline by CNY 50 per MT on Index.
Zorba 90% INF prices dropped by CNY 50 per MT from the previous day.
Steel Scrap Prices
#1 HMS prices held steady on 9th January, 2024.
Cast Iron Scrap reported no change in prices.
Stainless Steel Scrap Prices
201 SS prices were flat on Index.
304 SS Solid and 304 SS Turning prices increased by CNY 50 per MT each on Index.
309 SS and 316 SS Solid prices edged higher by CNY 100 per MT when compared with the prior day.
310 SS Solid scrap prices were up by CNY 150 per MT on January 9th, 2024.
Shred SS prices too inched higher by CNY 50 per MT over the day.
Brass/Bronze Scrap Prices
The Brass/Bronze Scrap prices in China remained unchanged on Index.
Brass Radiator scrap prices held steady on January 9th, 2024.
Red Brass and Yellow Brass prices too were flat on Index.
Scrap Metal Prices
| Copper Scrap | ||
| Alternator | 0.41 | $US/Lb |
| #1 Copper Bare Bright | 4.30 | $US/Lb |
| Aluminum Scrap | ||
| 356 Aluminum Wheels (Clean) | 0.80 | $US/Lb |
| 6061 Extrusions | 0.70 | $US/Lb |
| Steel Scrap | ||
| #1 Bundle | 360.00 | $US/MT |
| #1 Busheling | 380.00 | $US/MT |
| Electronics Scrap | ||