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August 10th 2024

Weekly Metal Market Recap: Copper Dips, Steel Stays Steady (August 9th, 2024)


SEATTLE (Scrap Monster): The weekly price trends of various scrap metal categories across worldwide markets for the past week (5th to 8th August, 2024) on the Scrap Monster Price Index are provided below:

Copper Scrap Prices

Copper Scrap recorded weekly decline in prices by 0.53%

North America

#1 Copper Bare Bright prices witnessed modest decline over the prior week, dropping by 0.52%. #1 Copper Wire and Tubing too were down by 0.53%, from the price of $3.75 per Lb at the start of the week to end the week at $3.73 per Lb. Similarly, #2 Copper Wire and Tubing prices dipped by 0.55%, falling from $3.65 per Lb to $3.63 per Lb.

Price Charts

Scrap Price Chart

Scrap Price Chart

Scrap Price Chart

USA East Coast

The prices of #1 Copper Bare Bright recorded weekly decline in prices by 0.52%, falling from $3.85 per Lb to $3.83 per Lb on ScrapMonster Index. #1 Copper Wire and Tubing, saw their prices dip from levels of $3.75 per Lb to $3.73 per Lb over the week. The prices of #2 Copper Wire and Tubing too were down by 0.55% to end the week at $3.63 per Lb.

USA Midwest

The prices of #1 Copper Bare Bright witnessed marginal decline by 0.52% over the prior week. #1 Copper Wire and Tubing too were down by 0.54%, from the price of $3.73 per Lb at the start of the week to end the week at $3.71 per Lb. Another copper scrap category to witness week-on-week dip in prices was #2 Copper Wire and Tubing, the prices of which fell from $3.63 per Lb to $3.61 per Lb over the week.

USA West Coast

The prices of #1 Copper Bare Bright recorded weekly decline in prices by 0.51%, witnessing fall from $3.93 per Lb to $3.91 per Lb on ScrapMonster Index. #1 Copper Wire and Tubing, saw their prices dip from levels of $3.83 per Lb to $3.81 over the week. The prices of #2 Copper Wire and Tubing too were down by 0.54% to end the week at $3.71 per Lb, upon comparison with the opening price of $3.73 per Lb.

China

The prices of #1 Copper Bare Bright posted weekly decline by 2.18%. #1 Copper Wire and Tubing too were down by 2.31%, declining from the price of CNY 67,100 per MT at the start of the week to CNY 65,550 per MT towards the end of the week. #2 Copper Wire and Tubing recorded weekly dip, the prices of which decreased from CNY 66,100 per MT to CNY 64,450 per MT over the week.

Europe

The prices of #1 Copper Bare Bright witnessed no change from the prior week’s price of $6,000 per Tonne during the week. #1 Copper Wire and Tubing prices too were flat on Index, maintaining the previous week’s price of $5,200 per Tonne. Also, #2 Copper Wire and Tubing prices held steady on Index.

Brass Scrap Prices

Brass Scrap prices witnessed decline by 1.46% over the previous week.

North America

Red Brass prices witnessed decline over the previous week, falling from $2.14 per Lb to $2.11 per Lb. Yellow Brass too recorded marginal fall in prices by 1.51%. The prices of the commodity recorded decline from $1.99 per Lb to $1.96 per Lb.

Price Charts

Scrap Price Chart

Scrap Price Chart

USA East Coast

The prices of Red Brass inched lower by 1.4%, from the previous week price of $2.14 per Lb to $2.11 per Lb as on 8th August, 2024. Also, Yellow Brass prices recorded decline by 1.51% over the previous week.

USA Midwest

Red Brass prices were unchanged week-on-week, maintaining the price of $1,89 per Lb recorded during the prior week. No change in prices were witnessed in Yellow Brass too.

USA West Coast

The prices of Red Brass recorded no change from the previous week price of $2.15 per Lb. Also, Yellow Brass prices held steady on Index over the previous week.

China

Both Red Brass and Yellow Brass prices witnessed marginal decline over the week. The prices of Red Brass dropped from CNY 37,650 per MT to CNY 37,450 per MT. Also, Yellow Brass saw its prices drop by 0.57% from CNY 35,000 per MT to CNY 34,800 per MT.

Aluminum Scrap Prices

Aluminum Scrap prices posted modest dip by 0.25% during the prior week.

North America

E.C. Aluminum Wire prices recorded modest decline over the previous week, falling by 1.01%. 6063 Extrusions prices were flat on Index, unchanged at $0.81 per Lb from the previous week price. Old Cast prices held steady on Index. UBC prices too witnessed no variation over the prior week.

Price Charts

Scrap Price Chart

Scrap Price Chart

Scrap Price Chart

Scrap Price Chart

USA East Coast

E.C. Aluminum Wire prices witnessed weekly decline in prices by 1.01%, falling from $0.99 per Lb to $1.00 per Lb. 6063 Extrusions, saw their prices unchanged from levels of $0.81 per Lb over the week. The prices of Old Cast too were flat at $0.68 per Lb. UBC prices too reported no change on ScrapMonster Index during the week.

USA Midwest

The prices of E.C. Aluminum Wire witnessed decline by 1.01% over the prior week. The prices of the commodity declined from $0.99 per Lb to $1.00 per Lb during the past one-week period. Meantime, 6063 Extrusions, Old Cast and UBC prices held steady during the week.

USA West Coast

E.C. Aluminum Wire prices recorded marginal dip over the previous week, falling by 1.01%. 6063 Extrusions prices were flat on ScrapMonster Index, unchanged at $0.81 per Lb from the previous week price. Old Cast prices held steady on Index. UBC prices too witnessed no variation over the prior week.

China

E.C. Aluminum Wire prices held steady to end the week at $17,700 per MT. 6063 Extrusions witnessed no variation in prices when compared with the previous week. The prices of Old Cast too remained flat on Index. Meantime, UBC prices witnessed no change, in comparison with the previous week price of CNY 11,900 per MT.

Europe

The prices of Old Cast held steady at $1,050 per Tonne during the week. UBC prices too were flat on Index, maintaining the previous week’s price of $1,250 per Tonne on ScrapMonster Index.

Stainless Steel Scrap Prices

The prices of Stainless Steel scrap reported no change week-on-week.

North America

A study on the price patterns of 304 SS Solid suggests that the prices of the commodity recorded no change over the prior week. The prices held steady at $0.61 per Lb during the week.

Price Charts

Scrap Price Chart

USA East Coast

The prices of 304 SS Solid recorded no variation over the previous week as on 8th August, 2024.

USA Midwest

304 SS Solid prices were unmoved week-on-week, holding on to the previous week’s price of $0.61 per Lb.

USA West Coast

The prices of 304 SS Solid recorded no change from the price of $0.61 per Lb during the week ended 8th August, 2024.

China

304 SS Solid prices witnessed marginal decline over the week. The prices of the commodity reported decline from CNY 12,300 per MT to CNY 12,200 per MT, thus recording week-on-week decrease by 0.81%.

Europe

The prices of 304 SS Solid witnessed no variation from the prior week’s price of $1,070 per Tonne during the week.

Steel Scrap Prices

Steel Scrap prices reported no change when compared with the previous week.

North America

#1 HMS prices witnessed no change over the prior week. The prices of the commodity stood at $300 per MT. Shredded Auto Scrap too were flat, with prices reporting no change from $370 per MT during the week. Similarly, HMS 80/20 prices held on to their previous week’s prices of $250 per MT. Also, #1 Busheling prices were unchanged over the day.

Price Charts

Scrap Price Chart

Scrap Price Chart

Scrap Price Chart

Scrap Price Chart

USA East Coast

The prices of #1 HMS recorded no variation in prices during the week, with prices holding steady at $300 per MT on ScrapMonster Index. Shredded Auto Scrap, saw their prices recording no change from the prior week’s level of $370 per MT over the week. The prices of HMS 80/20 too were flat at $250 per MT during the week. #1 Busheling prices too were flat on Index.

USA Midwest

The prices of #1 HMS witnessed no change over the prior week. Shredded Auto Scrap too were flat during the week. At $250 per MT. HMS 80/20 prices were unchanged on Index. The prices of #1 Busheling posted no variation during the week ended 8th August, 2024.

USA West Coast

#1 HMS prices recorded no change over the prior week. The prices of the commodity held steady at $300 per MT. Shredded Auto Scrap too were stagnant, with prices reporting no change from $370 per MT during the week. HMS 80/20 prices held on to their previous week’s prices of $250 per MT. Also, #1 Busheling prices were unchanged over the day at $380 per MT.

China

#1 HMS prices witnessed no change over the prior week. The prices of the commodity stood stable at CNY 1,630 per MT.

Europe

The prices of #1 HMS recorded no variation in prices during the week, with prices holding steady at $170 per MT on ScrapMonster Index. Shredded Auto Scrap witnessed no change from the prior week’s level of $130 per MT over the week.

Lead Scrap Prices

Lead Scrap prices held steady upon comparison with the prior week.

North America

An overview of the price charts of Scrap Auto Batteries indicates that the prices of the commodity recorded no change over the prior week. The prices held steady at $0.22 per Lb during the week.

Price Charts

Scrap Price Chart

USA East Coast

The prices of Scrap Auto Batteries remained unchanged $0.22 per Lb during the week ending 8th August, 2024.

USA Midwest

Scrap Auto Batteries prices were flat on ScrapMonster Index at $0.22 per Lb during the week.

USA West Coast

The prices of Scrap Auto Batteries witnessed no change from the price of $0.22 per Lb recorded at the beginning of the week.

China

Auto Battery prices reported nominal decline over the week. The prices of the commodity dipped from CNY 7,200 per MT to CNY 7,150 per MT during the week ended 8th August, 2024.

Europe

The prices of Scrap Auto Batteries witnessed no difference from the prior week’s price of $820 per Tonne during the week.

Zinc Scrap Prices

Zinc Scrap prices recorded no change in prices week-on-week.

North America

New Zinc Die Cast prices were unchanged over the previous week, holding on to the prices of $0.71 per Lb. Old Zinc Die Cast too recorded no change in prices. The prices of the commodity maintained previous week’s price of $0.59 per Lb.

Price Charts

Scrap Price Chart

Scrap Price Chart

USA East Coast

The prices of New Zinc Die Cast registered no change from the previous week price of $0.71 per Lb as on 8th August, 2024. Also, Old Zinc Die Cast prices were flat over the previous week.

USA Midwest

New Zinc Die Cast prices recorded no change, when compared with the previous week. The prices of Old Zinc Die Cast too were flat on Index at $0.59 per Lb.

USA West Coast

The prices of New Zinc Die Cast witnessed no variation from the previous week price of $0.71 per Lb as on 8th August, 2024. Also, Old Zinc Die Cast prices held steady on Index.

Europe

The prices of New Zinc Die Cast reported no change during the prior week. The prices were unchanged at $800 per Tonne.

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