January 10, 2025: Chinese Scrap Metal Prices Witnessed Notable Jump on the Index

BEIJING (Scrap Monster): The Chinese aluminum scrap prices recorded notable increase on the ScrapMonster Price Index  as of Friday, January 10, 2025. Copper Scrap prices also were up from the previous day. Stainless Steel and Brass/Bronze scrap prices edged higher on the Index. In contrast, Steel scrap prices held steady when compared with the previous day’s price.

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.

The price of #2 Copper Wire and Tubing also increased by CNY 300 per MT.

#1 Insulated Copper Wire 85% Recovery prices edged higher by CNY 150 per MT over the previous day. The price of #2 Insulated Copper Wire 50% Recovery were up by CNY 50 per MT when compared with the day before.

Copper Transformer scrap prices were flat over the previous day. Cu Yokes prices also held steady on Index.

Cu/Al Radiator and Heater Cores prices inched higher by CNY 50 per MT and CNY 100 per MT respectively over the day.

Harness Wire 35% Recovery prices witnessed no variation as of Friday, January 10, 2025.

In the meantime, Scrap Electric Motors and Sealed Units prices remained constant on the Index.

Aluminum Scrap Prices

6063 Extrusions witnessed a rise of CNY 250 per MT over the previous day.

Aluminum Ingots prices too were up by CNY 250 per MT.

Aluminum Radiators and Aluminum Transformers prices increased by CNY 100 per MT each on the Index.

E.C Aluminum Wire prices inched higher by CNY 250 per MT.

Old Cast and Old Sheet prices also jumped higher by CNY 250 per MT each as of January 10, 2025.

Also, UBC and Zorba 90% NF prices were up by CNY 100 per MT each over the previous day.

Steel Scrap Prices

#1 HMS prices held steady as of January 10, 2025.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were unchanged over the previous day.

304 SS Solid and 304 SS Turning prices also recorded no change on the Index.

309 SS and 316 SS Solid scrap prices edged higher by CNY 50 per MT when compared with the prior day.

310 SS prices increased by CNY 50 per MT as of January 10, 2025.

Shred SS prices were unchanged on the Index.

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China recorded marginal rise from the previous day.

Brass Radiator scrap prices witnessed no change as of January 10, 2025.

Red Brass and Yellow Brass prices were up by CNY 50 per MT each over the day.

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