November 14, 2024: Chinese Scrap Metal Prices Saw Notable Drop on the Index

BEIJING (Scrap Monster): As of Thursday, November 14, 2024, Chinese copper scrap prices recorded significant decline on the ScrapMonster Price Index. Aluminum and Brass/Bronze scrap prices dropped when compared with the previous day. Stainless Steel scrap prices also recorded decline. In the meantime, Steel scrap prices held steady on the Index.

Copper Scrap Prices

#1 Copper Bare Bright prices were down by CNY 1,050 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing also declined by CNY 1,050 per MT each.

#1 Insulated Copper Wire 85% Recovery prices registered a decline of CNY 500 per MT upon comparison with the previous day’s price. The price of #2 Insulated Copper Wire 50% Recovery prices recorded a downward movement of CNY 150 per MT over the previous day.

Copper Transformer scrap prices witnessed a minor decline of CNY 50 per MT on the Index.

Cu Yokes and Harness Wire 35% Recovery scrap prices also were down by CNY 50 per MT.

Cu/Al Radiator scrap prices inched lower by CNY 150 per MT.

Heater Cores prices declined by CNY 400 per MT as of Thursday, November 14, 2024.

Scrap Electric Motors and Sealed Units prices witnessed decline by CNY 50 per MT each over the previous day.

Aluminum Scrap Prices

6063 Extrusions declined by CNY 200 per MT in prices over the previous day.

Aluminum Ingots also were down by CNY 200 per MT.

The prices of Aluminum Radiators and Aluminum Transformers recorded decline by CNY 100 per MT and CNY 200 per MT respectively on the Index.

E.C Aluminum Wire prices inched lower by CNY 200 per MT.

Old Cast and Old Sheet prices dropped by CNY 200 per MT each as of November 14, 2024.

The prices of UBC and Zorba 90% INF were down by CNY 100 per MT from the previous day’s price.

Steel Scrap Prices

#1 HMS prices held steady as of November 14, 2024.

Cast Iron Scrap also reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were down by CNY 50 per MT.

304 SS Solid prices dropped by CNY 50 per MT over the previous day’s prices.

The price of 304 SS Turning also recorded a decline of CNY 50 per MT on the Index.

309 SS and 316 SS Solid prices dipped by CNY 100 per MT each when compared with the prior day.

310 SS scrap prices reported a decline of CNY 150 per MT as of November 14, 2024.

Shred SS prices also were down by CNY 50 per MT over the previous day’s price.        

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China recorded no change on the Index.

Brass Radiator scrap prices were unchanged as of November 14, 2024.

Red Brass and Yellow Brass prices too witnessed no variation on the Index.

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