Japan Brass Scrap Price Hits Record

Nippon Shindo increased the purchase price of brass bar turning scrap by 25 yen to 724 yen per kilogram with 0.8% or less oil at 120 days bill sight on Tuesday. The price renewed record of 723 yen on May 15 when domestic official copper ingot price hit record 1 million yen per tonne. The higher zinc price contributed to the record brass scrap price. Japanese official zinc ingot price is record 498,000 yen per tonne compared with 471,000 yen on May 15. Nippon Shindo increased the scrap purchase price after domestic official copper ingot price increased by 30,000 yen to 980,000 yen on Tuesday and official zinc ingot price increased to record 498,000 yen on Friday.