BEIJING (Scrap Monster): The Chinese copper scrap prices declined sharply on ScrapMonster Price Index as on May 9th, Wednesday. Aluminum, Brass and Bronze scrap prices dropped on Index when compared with the previous day. Steel and Stainless Steel scrap prices held steady on Index.
#1 Copper Bare Bright prices were down sharply by CNY 400 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 400 per MT each.
#1 Insulated Copper Wire 85% Recovery prices have declined by CNY 200 per MT upon comparison with the previous day to touch CNY 27,900 per MT. The price of #2 Insulated Copper Wire 50% Recovery prices recorded a down move of $100 per MT over the previous day.
Copper Transformer and Cu Yokes prices dropped marginally by CNY 50 per MT on Index when matched with the prior day.
Harness Wire 35% Recovery prices declined by CNY 50 per MT.
Cu/Al Radiator scrap prices were down by CNY 100 per MT.
Heater Cores prices were down by CNY 150 per MT to touch CNY 26,350 per MT on Wednesday, May 9th.
Meantime, Scrap Electric Motors and Sealed Units prices reported no change from the previous day.
6063 Extrusions witnessed a price decline of CNY 50 per MT over the previous day.
Aluminum Ingots too dropped by CNY 50 per MT.
The prices of Aluminum Radiators and Aluminum Transformers remained unchanged.
E.C Aluminum Wire prices dropped by CNY 50 per MT to touch CNY 14,400 per MT.
Old Cast and Old Sheets prices too witnessed a down move of CNY 50 per MT each on May 9th, 2018.
Meantime, UBC and Zorba 90% INF prices witnessed no change on Index.
#1 HMS prices held steady at CNY 1,630 per MT on 9th May, 2018.
Cast Iron Scrap too reported no change in prices.
201 SS prices were unchanged at CNY 5,800 per MT.
304 SS Solid prices too remained flat over the previous day.
The price of 304 SS Turning saw no change on Index.
309 SS and 316 SS prices held steady when compared with the prior day.
310 SS Solid scrap prices were unchanged at CNY 12,000 per MT on May 9th.
Shred SS prices saw no variation in prices over the day.
The Brass/Bronze Scrap prices in China declined on Index.
Brass Radiator scrap prices were down by CNY 100 per MT on May 9th, 2018.
Red Brass and Yellow Brass prices too dropped by CNY 100 per MT each.