October 19th scrap metal prices report. Latest pricing and news on the scrap metal market.
Scrap Metal News
YIEH reports that the US H1 scrap prices averaged at US$152.5/long ton on October 12th, dropping by US$46.67/long ton from the previous week.
Among them, the average prices of H1 scraps in Pittsburgh were at US$149.5/long ton, dropping by US$50/long ton; those in Chicago were at US$164.5/long ton, reducing by US$50/ton; and those in Philadelphia were at US$143.5/long ton, decreasing by US$40/long ton; all in comparison with the previous week.
Ship Demolition Scrap Recycling Report
Lion Shipbrokers reports that Subcontinent activity is almost non-existent; the rates offered are disappointing (region of below $300 per lt for bulkers) and short term market prospects are negative. We recorded a total of just
3 sales this week (2 handysize bulkers plus 1 containership). We have not recorded any demo sales in
China or Turkey. For an overview
LION’S DEMOMETER (USD $ / LT)
COUNTRY BULKER TANKER CONT/TWEEN TREND
TURKEY 130-150 150-170 140-160 soft
PAKISTAN 300-310 320-325 – soft
INDIA 290-305 315-325 310-315 soft
BANGLADESH 300-310 310-320 310-315 soft
CHINA 125-135 135-145 135-145 soft
SCRAP METAL REFERENCE PRICES
Bare Bright Copper $2.05 lb.to $1.90 lb.
#1 Copper $2.00 lb. to $1.90 lb.
#2 Copper $1.85 lb. to $1.75 lb.
insul Hvy #1 copper Wire 85% Recovery $1.55 lb.to $1.40 lb.
insulated Light Wire 50% Recovery $0.52 lb. to $0.40 lb.
EDM Wire $1.40 lb. to $1.28 lb.
#1 Busheling $130 gt to $85 gt
#1 Baling $100 gt to $60 gt
#2 Baling $95 gt to $50 gt
Plate and Struct 2’x 5′ $130 gt to $70 gt
Plate and Struct scrap (unprep) $100 gt to $60 gt
Heavy Melt 2’x 5′ $120 gt to $75 gt
Heavy Melt scrap (unprep) $90 gt to $40 gt
Junk Cars $70 gt to $45 gt