Scrap Metal Prices and Scrap Metal Auctions

Spurred by the better stock market in the EU and UAS, the London Metal Exchange (LME) showed that aluminum futures on 29th rebounded, rose and finally closed at 2,095 points, up by 25 points, or 1.21%. Inventory, on Thursday, dropped 4,500 tons, totally to 4,390,625 tons.
Today Shanghai aluminum opened low and fluctuated low. Contract 1011 [...]

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Spurred by the better stock market in the EU and UAS, the London Metal Exchange (LME) showed that copper futures on 29th rebounded, rose and finally closed at 7,255 points, up by 80 points, or 1.11%. Inventory, on Thursday, rose 100 tons, totally to 411,525 tons.
Today Shanghai copper opened high, rebounded and closed a little [...]

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Affected by the nickel price on the LME, Chinese stainless steel market fluctuated in July.
The Chinese stainless steel price began to go up from the mid of July while the transaction volume did not soar.
Because August is the traditional off season, it is estimated that the Chinese stainless steel price would probably continue its fluctuation [...]

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7/29/10 Chinese Spot Prices for various scrap metals – prices are in USD per ton of scrap
Motor copper $6,786
#1 Bare Bright $7,371
Shred Taint $1,714
Shred Tense $1,829
#1 Nickel $22,714
Shred Zinc $1,871
304 SS Sabot (18-8) $1,843
Lead $1,871
HMS $347
AOO Al Ingot $2,200
Shred SS (Ni = 7.8~8.0%) $1,886
Steel-making Pig Iron $471
Casting Pig Iron $493
Source www.worldscrap.com

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ABS
Domestic ABS price was stable though some species rose by 100 RMB/T. Supply was less and importers purchased positively. Inquires were many, but demand was general. Trading atmosphere was good. Latest Market Price: ABS/PC alloys 3,000-3,600 RMB/T.
PET
Domestic PET quotation was at mess. Downstream demand was weak. Trading atmosphere was cautious and turnover was general. Latest [...]

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Spurred by the decrease in dollar value and less stock, the London Metal Exchange (LME) showed that copper futures on 28th rose and finally closed at 7,175 points, up by 90 points, or 1.27%. Inventory, on Wednesday, dropped 2,375 tons, totally to 411,425 tons.
Today Shanghai copper opened high and rose, mainly on the shock. Contract [...]

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Spurred by the decrease in dollar value and less stock, the London Metal Exchange (LME) showed that aluminum futures on 28th stabilized, rose and finally closed at 2,070 points, up by 17 points, or 0.83%. Inventory, on Wednesday, dropped 4,650 tons, totally to 4,395,125 tons.
Today Shanghai aluminum opened high, ran low and shocked down. Contract [...]

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China Scrap Metal Market Prices – July 23, 2010
Scrap Copper 
Item                                                    Area        Price(USD/Ton)
1#Bare Bright Copper wire       Foshan       7,343
                                                             Shanghai    7,300
                                                            Qingyuan    7,386
                                                            Taizhou Luqiao   7,321
                                                             Tianjin     7,257
1#Copper                                        Tianjin 7,157 
2#Copper                                       Foshan  6,843
                                                            Shanghai 6,957
                                                            Taizhou Luqiao 7,293
                                                            Tianjin 6,928
Shred Brass                                     Foshan 4,771 
Motor Copper                                Foshan 6,728
                                                            Qingyuan 6,657 
Scrap Aluminum
Item                                Area      Price(USD/Ton) 
Shred [...]

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