Some price fluctuations in Chinese scrap market

Wednesday, 20 June 2012 15:25:23 (GMT+3)   |  
       

During the week ending June 20, the Chinese scrap market has indicated some fluctuations in prices. In some regions, domestic scrap prices have remained unchanged, while scrap prices in northern China have increased slightly, with scrap prices in Nanchang in the province of Jiangxi followed a downward trend. As of June 20, the average scrap price in the main Chinese markets is unchanged week on week at RMB 3,131/mt ($497/mt). Local scrap prices in China can be viewed in the SteelOrbis price reports section.

 

The rebound in billet prices has contributed to the slight increase in scrap prices in northern China, while scrap prices in Nanchang have decreased further due to the reduced volume of orders. Currently, many steel mills are trying to reduce their scrap purchase prices, while low scrap tonnages have been transacted due to the lack of enthusiasm of suppliers.

 

Further fluctuations are expected to be seen in the Chinese scrap market in the coming week.


Similar articles

Mexican domestic scrap prices

28 Mar | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 13, 2024

28 Mar | Scrap & Raw Materials

Turkey’s deep sea scrap prices stabilize at $385-390/mt CFR

28 Mar | Scrap & Raw Materials

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

US scrap market still expecting sideways pricing in April

27 Mar | Scrap & Raw Materials

Ex-US deep sea scrap prices to Turkey increase, ex-EU prices relatively stable

27 Mar | Scrap & Raw Materials

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Average local Chinese scrap prices rise amid tight supply after previous decreases

27 Mar | Scrap & Raw Materials

Import scrap prices in India move up, but low bids prevent deals

27 Mar | Scrap & Raw Materials

Baltic countries and Czech Republic seek EU ban on ex-Russia scrap imports

27 Mar | Steel News