December 31, 2024: Chinese Scrap Metal Prices Declined on the Index
Zorba 90% INF prices saw no change from the previous day.
BEIJING (Scrap Monster): The Chinese aluminum scrap prices witnessed no change on ScrapMonster Price Index as of Tuesday, December 31, 2024. Copper, Brass/Bronze and Stainless Steel scrap prices were down from the previous day. Meanwhile, Steel scrap prices held steady on the Index.
Copper Scrap Prices
The #1 Copper Bare Bright prices were down by CNY 400 per MT.
#1 Copper Wire and Tubing price saw a dip of CNY 400 per MT.
The price of #2 Copper Wire and Tubing also decreased by CNY 400 per MT.
#1 Insulated Copper Wire 85% Recovery prices were down by CNY 200 per MT over the previous day’s price. The price of #2 Insulated Copper Wire 50% Recovery witnessed a decline of CNY 100 per MT when compared with the day before.
Copper Transformer and Cu Yokes scrap prices were unchanged.
Cu/Al Radiators inched lower by CNY 100 per MT in prices.
Harness Wire 35% Recovery prices held steady over the previous day.
Heater Cores recorded a decline of CNY 150 per MT as of Tuesday, December 31, 2024.
In the meantime, Scrap Electric Motors and Sealed Units prices witnessed no change on the Index.
Aluminum Scrap Prices
6063 Extrusions recorded no variation in prices over the previous day.
Aluminum Ingots also remained unchanged.
The prices of Aluminum Radiators and Aluminum Transformers saw no variation.
E.C Aluminum Wire prices were unmoved on the Index.
Old Cast prices were flat as of December 31, 2024.
The prices of Old Sheets and UBC held steady on the Index.
Zorba 90% INF prices saw no change from the previous day.
Steel Scrap Prices
#1 HMS prices held steady as of December 31, 2024.
Cast Iron Scrap also reported no change in prices.
Stainless Steel Scrap Prices
201 SS prices held steady on the Index.
304 SS Solid and 304 SS Turning prices were flat on the Index.
309 SS and 316 SS Solid prices decreased by CNY 50 per MT each when compared with the prior day.
310 SS scrap prices were down by CNY 100 per MT as of December 31, 2024.
Shred SS prices witnessed no change over the previous day.
Brass/Bronze Scrap Prices
The Brass/Bronze Scrap prices in China witnessed decline from the previous day.
Brass Radiator scrap prices were unchanged as of Tuesday, December 31, 2024.
Red Brass and Yellow Brass prices inched lower by CNY 50 per MT each on the Index.
Scrap Metal Prices
| Copper Scrap | ||
| Alternator | 0.42 | $US/Lb |
| #1 Copper Bare Bright | 4.35 | $US/Lb |
| Aluminum Scrap | ||
| 356 Aluminum Wheels (Clean) | 0.83 | $US/Lb |
| 6061 Extrusions | 0.73 | $US/Lb |
| Steel Scrap | ||
| #1 Bundle | 360.00 | $US/MT |
| #1 Busheling | 380.00 | $US/MT |
| Electronics Scrap | ||