WBMS: World Copper Metal Balance in Deficit Until May

The price of 304 SS Turning dipped by CNY 300 per MT on Index.

BEIJING (Scrap Monster): The Chinese scrap metal prices mostly remained unchanged on ScrapMonster Price Index  as on August 2nd, Tuesday. Steel, Brass and Bronze scrap prices held steady. Copper and Aluminum scrap prices too remained unchanged over the previous day.  Stainless Steel scrap prices declined on Index.

The #1 Copper Bare Bright and #1 Copper Wire and Tubing witnessed no price change over the previous day.

The price of #2 Copper Wire and Tubing also remained flat.

#1 Insulated Copper Wire 85% Recovery prices remained flat. The price of #2 Insulated Copper Wire 50% Recovery held steady over the previous day.

Copper Transformer scrap prices saw no variation in prices over the previous day. No price-change was witnessed in Cu Yokes.

Cu/Al Radiator prices remained unchanged.

Harness Wire 35% Recovery prices held steady on Tuesday, August 2nd.

Also, Heater Cores, Scrap Electric Motors and Sealed Units prices remained unchanged.

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 2nd August, 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 2nd August, 2022.

Cast Iron Scrap reported no change in prices.

201 SS prices declined by CNY 250 per MT on Index.

304 SS Solid prices too were down by CNY 300 per MT over the previous day.

The price of 304 SS Turning dipped by CNY 300 per MT on Index.

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

310 SS Solid scrap prices too dropped by CNY 550 per MT on August 2nd, 2022.

Shred SS prices witnessed a drop by CNY 300 per MT over the day.

The Brass/Bronze Scrap prices in China remained unchanged on Index.

Brass Radiator scrap prices held steady on August 2nd, 2022.

Red Brass and Yellow Brass prices too were flat on Index.


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By admin