Secondary Aluminium Ingot Price Keeps Flat in Nagoya

The market price of secondary aluminium ingot is flat in Nagoya at around 270 yen per kilogram for jumbo size block of 90% purity and at around 275 yen per kg for 5kg block.Primary aluminium price at London Metal Exchange kept above US$ 2,700 per tonne by mid November and weakened to US$ 2,600-2,700 currently. Secondary aluminium price is under wait-and-see mood after continuous increase of the base price since October.Secondary aluminium demand is firm when secondary aluminium alloy ingot makers increase their production mainly for automotive parts. The demand is also active for crude secondary aluminium ingot makers. The demand is expected to increase more in January-March 2007.The supply would become tighter in January-March when the import from Russia decreases seasonally. The market price could not decline for not only secondary aluminium ingot but aluminium scrap under the situation. The base price is expected to increase soon.