14th July, 2022: Chinese Scrap Metal Prices Slumped on Index

304 SS Solid and 304 SS Turning prices dropped by CNY 300 per MT each over the day.

BEIJING (Scrap Monster): The Chinese copper scrap prices declined sharply on ScrapMonster Price Index  as on July 14th, Thursday. Stainless Steel and Brass/Bronze scrap prices dropped on Index when compared with the previous day. Meantime, Aluminum Steel scrap prices held steady on Index.

#1 Copper Bare Bright prices were down sharply by CNY 650 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too declined heavily by CNY 650 per MT each.

#1 Insulated Copper Wire 85% Recovery prices have declined by CNY 300 per MT upon comparison with the previous day. The price of #2 Insulated Copper Wire 50% Recovery prices recorded a down move of $ 100 per MT over the previous day.

Copper Transformer scrap prices were down by CNY 50 per MT on Index.

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

Cu/Al Radiator scrap prices inched lower by CNY 100 per MT.

Heater Cores prices too declined by CNY 200 per MT on Thursday, July 14th.

Meantime, Scrap Electric Motors and Sealed Units prices witnessed  dip by CNY 50 per MT each on Index.

6063 Extrusions witnessed no change in prices over the previous day.

Aluminum Ingots too remained unchanged.

The prices of Aluminum Radiators and Aluminum Transformers saw no variation.

E.C Aluminum Wire prices remained unmoved on Index.

Old Cast prices too were flat on 14th July, 2022.

The prices of Old Sheets and UBC held steady on Index.

Zorba 90% INF prices saw no change from the previous day.

#1 HMS prices held steady on 14th July, 2022.

Cast Iron Scrap too reported no change in prices.

201 SS scrap prices recorded decline by CNY 200 per MT on Index.

304 SS Solid and 304 SS Turning prices dropped by CNY 300 per MT each over the day.

309 SS and 316 SS Solid prices were down by CNY 400 per MT each when compared with the prior day.

310 SS scrap prices inched lower by CNY 550 per MT on June 14th, 2022.

Shred SS prices too were down by CNY 300 per MT over the day.  

The Brass/Bronze Scrap prices in China declined on Index.

Brass Radiator scrap prices were down by $50 per MT on July 14th, 2022.

Red Brass and Yellow Brass prices too dropped by CNY 100 per MT each on Index.

 

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By admin