5th February, 2024: Chinese Scrap Metal Prices Dropped on Index
309 SS and 316 SS Solid prices recorded decline by CNY 150 per MT each when compared with the prior day.
BEIJING (Scrap Monster): The Chinese copper and aluminum scrap prices declined sharply on ScrapMonster Price Index as on February 5th, Monday. Stainless Steel scrap prices dropped on Index when compared with the previous day. Meantime, Steel and Brass/ Bronze scrap prices held steady on Index.
Copper Scrap Prices
#1 Copper Bare Bright prices were down by CNY 100 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too declined by CNY 100 per MT each.
#1 Insulated Copper Wire 85% Recovery prices declined by CNY 50 per MT upon comparison with the previous day. The price of #2 Insulated Copper Wire 50% Recovery prices recorded no change over the previous day.
Copper Transformer scrap prices held steady over the previous day. Cu Yokes prices too were flat on Index.
Cu/Al Radiator prices were flat on Index.
Harness Wire 35% Recovery prices were unchanged on Monday, February 5th, 2024.
Heater Cores prices were unchanged.
Meantime, Scrap Electric Motors and Sealed Units prices held steady over the previous day.
Aluminum Scrap Prices
6063 Extrusions witnessed a decline by CNY 50 per MT over the previous day.
Aluminum Ingots too were down by CNY 50 per MT.
The prices of Aluminum Radiators and Aluminum Transformers remained unchanged.
E.C Aluminum Wire prices registered decline by CNY 50 per MT on Index.
Old Cast and Old Sheet prices too were down by CNY 50 per MT each on 5th February, 2024.
The prices of UBC and Zorba 90% INF witnessed no change from the previous day.
Steel Scrap Prices
#1 HMS prices held steady on 5th February, 2024.
Cast Iron Scrap too reported no change in prices.
Stainless Steel Scrap Prices
201 SS prices were down by CNY 50 per MT on Index.
304 SS Solid and 304 SS Turning prices dipped by CNY 100 per MT each on Index.
309 SS and 316 SS Solid prices recorded decline by CNY 150 per MT each when compared with the prior day.
310 SS scrap prices inched lower by CNY 200 per MT on February 5th, 2024.
Shred SS prices decreased by CNY 100 per MT over the day.
Brass/Bronze Scrap Prices
The Brass/Bronze Scrap prices in China recorded no change on Index.
Brass Radiator scrap prices were flat on February 5th, 2024.
Red Brass and Yellow Brass prices too remained unchanged on Index.
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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 | ||