Scrap Metal Prices and Scrap Metal Auctions » china scrap metal prices

Chinese Metal Market Summary Sept 11

admin — Fri, 11 Sep 2009 11:57:00 +0000

Steel and iron ore imports decline in August in China

According to the report of China’s Custom, Chinese steel and iron ore imports dropped comparing to July. However, the total steel and iron ore imports from January to August increased by volume compared with the same period of 2008.

Steel import in August was 1.59 million tons, down by 8.6 percent comparing to July and the total imports from January to August was 11.47 million tons, up by 3.7 percent from 11.06 million tons.

Meanwhile, iron ore import was 49.68 million tons in August, dropping by 14.4 percent and the total iron ore imports from January to August was 4.049 billion tons, declining by 31.9 percent comparing to the same period of 2008.

China’s Wuhan Steel to lower Oct steel prices

Wuhan Iron and Steel Co., China’s third largest steelmaker, said it cut the its steel price for October for major steel products by up to RMB 400 per ton as it foresees the domestic demand drop slightly. Wuhan Steel, has cut some CR steel products by 300 RMB per ton and some steel plates price remain unchanged. China’s steel price has reached 10-month high in early August; however, the market signals slow as the iron ore prices down and steelmakers to slash their prices. Baosteel said it would cut major steel products by 6%.

Source www.yieh.com

Updated Scrap and Base Metal Prices for China Page

admin — Fri, 10 Apr 2009 13:20:44 +0000

We have completely updated our website page dedictaed to Chinese scrap metal prices, base metal prices and other metal prices in China. The web page is http://scrapmetalpricesandauctions.com/china

We would like your comments on this page. If you wish to see other pricing or have any opinions please use comment link below to submit your comments to site.

China Main Area Weekly Steel Scrap Summary Feb 1 – 6

admin — Mon, 09 Feb 2009 15:45:29 +0000

China Main Area Weekly Summary-Steel Scrap Recycling Prices. Feb.1-Feb.6, 2009. Prices below are shown feb 1 price, then feb 6 price and then the price change (+/-).

Chongqing 2650 2650 + 0
Zhangjiagang 2620 2710 +90
Tangshan 2350 2450 +100
Laiwu 2708 2708 0
Loudi 2650 2800 +150
Lingyuan 2700 2800 +100
Beijing 2400 2600 +200
Jinan 2650 2650 0
Hefei 2600 2700 +100
Jiangyin 2650 2830 +180

Source: www.chinametalbiz.com

Review and Prospect of China Steel Scrap Market

admin — Thu, 15 Jan 2009 13:01:09 +0000

Jan.14 MetalBiz–Steel scrap suffered the extraordinary period in the year of 2008.

In the first half of the year, along with the stable growth of steel products prices and the soaring of raw material prices, steel scrap market continued its upward trend of 2007, the price kept surging, successively hit record highs. Then in the latter half of the year, affected by the output of crude steel, pig iron and market confidence, the average price of heavy steel scrap also fell back to 1,900 yuan per ton, which was also the level of early 2006.

Looking forward to the market trend of 2009, analysts thought the low-price age of steel scrap will not return, but the price cannot outstrip the highest average price of 4,250 yuan per ton in 2008.

Crude steel output dimly inclined in H1, but started to fall back since June
The crude steel output of China touched 35.1889mln tons in November, declined 4.9724mln tons when compared to 40.1613mln tons of the same period last year, and that totally reached 462.9619mln tons in the first eleven months, a rise of 2.6pc from 451.0998mln tons of the same period last year.

It was learned that the crude steel production began to monthly drop since June. We can clearly see the basic situation from the following table.

Crude steel Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov.
Growth y-o-y
(Unit: %) 6.4 7 11.7 8.1 11.4 11.5 8.8 2.4 -7.2 -16.4 -12.4

Pig iron output faintly raised in H1, but monthly declined in H2
The pig iron output of China touched 33.5158mln tons in November, declined 6.5005mln tons or 16.2pc when compared to 40.0613mln tons of the same period last year, and that totally reached 434.1446mln tons in the first eleven months, a rise of 1pc from 429.8585mln tons of the same period last year.

It was learned that the crude steel production began to monthly drop since June along with pig iron output decline. We can clearly see the basic situation from the following table.

Pig iron Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov.
Growth y-o-y
(Unit: %) 5.71 10.13 9.1 9 8.83 8.38 5.8 -1.85 -4.97 -16.43 -16.1

Domestic steel scrap price rose in H1, but suffered shakeouts in H2
In the first half of 2008, domestic steel scrap price showed an upturn trend while keeping stable until getting to the highest point of 4,250 yuan per ton (Jiangsu heavy steel scrap) in July. Up to the end of October, Jiangsu heavy steel scarp averagely stood at 2,200 yuan per ton, a reduction of 48.2pc in comparison with the top.

However, as the traders’ shutout directly led to market resources decline, the tight supply pushed domestic scrap steel price presented a faint increase in November, and that again soared 300 yuan per ton when compared to October, due to the prices growth of raw material prices, such as coke and iron ore.

Steel scrap import boosted in H2
Affected by the price soaring of domestic and international steel scrap, China totally imported 1.23mln tons steel scrap in the first six months, declined 380,000 tons or 23.6pc versus the same period last year.

Along with the price decline of steel scarp at home and abroad, partial domestic traders began to shut out in order to lower the latter risks, thus resulted in that domestic steel scrap resources in tight, and the import boosted.

From July to November, the accumulative steel scrap import inclined 270,000 tons when compared to the first half of the year, even hit the monthly record high of 420,000 tons in November.

In the first eleven months, the total steel scrap import of China stood at 2.944mln tons, and was predicted to be 3.21mln tons in the full year of 2008, tumbled 5.3pc or 180,000 tons in comparison with the previous year.

Domestic steel scrap market to mainly shake and adjust in 2009
In the light of supply and demand, in 2009, the demand of steel scrap will be around 80mln tons, 8.2mln tons higher than the supply of that, which will approximately stand at 71.8mln tons, therefore, steel scrap will show an uptrend fluctuation trend.

However, due to the international financial crisis, as well as the recession of downstream automobile and shipbuilding industry, steel products prices extensively collapsed, most steel enterprises presented a situation of output cut and poor demand, partial steelmills forced to reduce output, close production line and sharply cut prices so as to maintain the management.

In addition, as the financial turmoil is far from ending, and is spreading to real economy, global economic growth may slow down next year. Therefore, the unbalance of steel scrap supply and demand cannot support the prices’ rise at high level, and the price will remain the fluctuation and adjustment trend in the new year of 2009.

Viewed from the policies, the increment tax policy that the government unveiled at the end of 2008, will produce slight influences on steel scrap price in 2009, but domestic steel scrap traders will face the sever pressures from cost and circulating funds.

In the long run, policy promulgated is benefit for the recycling of steel scrap resources, the healthy and orderly development of steel scrap market, in addition, the measures are favorable to the sustainable development of steel industry, and can also brought beneficial factors to resources save, energy consumption decline, and environment protection.

Source: www.chinametalbiz.com

Chinese Scrap Metal Recycling Prices Rebound

admin — Wed, 26 Nov 2008 15:25:10 +0000

Chinese scrap prices rebound
China’s domestic scrap prices have rebounded by a certain extent with the recovery of the prices of mills’ steel products.

In the Jiangsu market, price for heavy scrap steel (6mm thickness above) stands at RMB2,250 to 2,350/ton (VAT included), up from RMB2,000 to 2,100 at the end of October.

However scrap supply still remain tight owing to higher stocks held by those suppliers who expected a higher price.

This situation was evidenced by difficult purchase for raw scrap as part of traders quoted over RMB2,400/ton for recent heavy scrap mentioned above.

Source: www.yieh.com

China Scrap Metal Prices Nov 9

admin — Sun, 09 Nov 2008 11:40:59 +0000

Current scrap metal prices in China based upon current spot market prices. Prices are is USD per ton.
Motor copper $3,414
#1 Bare Bright $3,900
Shred Taint $1,557
Shred Tense $1,600
#1 Nickel $13,000
Shred Zinc $986
304 SS Sabot (18-8) $1,171
Lead $1,129
HMS $257
AOO Al Ingot $1,957
Shred SS
(Ni = 7.8~8.0%) $1,143
Steel-making Pig Iron $300
Casting Pig Iron $429

Source: www.worldscrap.com

Chinese Scrap Metal Market Summary Nov 4

admin — Tue, 04 Nov 2008 09:35:06 +0000

Current prices of various scrap metals in China based upon spot market prices. Prices are is USD per ton.

Motor copper $3,700
#1 Bare Bright $4,186
Shred Taint $1,586
Shred Tense $1,629
#1 Nickel $13,429
Shred Zinc $1014
304 SS Sabot (18-8) $1,257
Lead $1,186
HMS $243
AOO Al Ingot $1,986
Shred SS (Ni = 7.8~8.0%) $1,229
Steel-making Pig Iron $357
Casting Pig Iron $529

Source: www.worldscrap.com

Chinese Scrap Metal Prices Oct 6 2008

admin — Mon, 06 Oct 2008 17:41:14 +0000

Current scrap prices in China based on spot market prices. Prices are in USD per ton.

Motor copper $6,229
#1 Bare Bright $6,943
Shred Taint $1,757
Shred Tense $1,800
#1 Nickel $18,714
Shred Zinc $1,500
304 SS Sabot (18-8) $2,086
Lead $2,029
HMS $454
AOO Al Ingot $2,129
Shred SS (Ni = 7.8~8.0%) $2,014
Steel-making Pig Iron $543
Casting Pig Iron $686

Source www.worldscrap.com

Steel prices may shoot up in China

admin — Fri, 03 Oct 2008 20:00:29 +0000

Following sharp declines in the first few months, most traders expect steel prices in China to rally in October when domestic steelworks cut production.

The latest round of sharp steel price fall in China started in mid-July, due mainly to excessive output capacities and serious imbalance in demand and supply. China’s top steel maker Baosteel, for instance, in September announced to reduce the prices of most products for delivery in October and November by some 800 yuan per ton.

Under the dual pressures of high cost and sluggish sales, iron and steel makers in Hebei Province took the lead in cutting their production in August, and they were followed by large steelworks in other regions on a large scale in September. It is expected that more domestic steel makers will follow suit in October.

Massive production reduction is expected to help lower the inventory level and ease the oversupply situation. Meanwhile, downstream buyers may also increase purchases on expectation of price rebound. Anyway, many market analysts believe that the expected price rebound may not last long, likely to be followed by corrections and further slide.

Source www.commodityonline.com

China scrap copper market on Sept 25

admin — Thu, 25 Sep 2008 23:25:56 +0000

LME base metal price slipped Wednesday due to the continued rebounded US dollar and the global economic slowdown worries while the copper future hit the three days low. LME copper was closed at $6,905 yesterday, down $90. Today SHFE copper future opened lower, later went up in the fluctuation. The scrap copper price kept stable in general today while the maket confidence hasn’t recovered. The trade volume presented a low lever and some traders halted the trading activities and were forced to keep on the sidelines.

Other scrap metal prices in China are as follows:

Motor copper $6,957 , #1 Bare Bright $7,671 , Shred Taint $1,800, Shred Tense $1,857 , #1 Nickel $20,143 , Shred Zinc $1,571 , 304 SS Sabot (18-8) $2,400 , Lead $2,100, HMS $479, AOO Al Ingot $2,200, Shred SS (Ni = 7.8~8.0%) $2,300
Steel-making Pig Iron $557, Casting Pig Iron $686

Source: www.worldscrap.com