Secondary Alloyed Aluminium Price Declines Slightly in Osaka

Secondary alloyed aluminium price continued to decrease slightly for 3 straight months in Osaka area. The market price is around 297-302 yen per kilogram for AD12.1 grade.Secondary alloyed aluminium makers around Osaka seemed to agree with the users including die-casting makers to decrease the ingot selling price by average 2-3 yen per kilogram for September shipment, while some set the price unchanged, said ingot maker sources.Secondary alloyed aluminium makers had expected the price might not decrease when primary aluminium price turned upward toward the end of September and aluminium scrap price maintained flat since late June. In addition Chinese government puts 5.6% of exporting tariff on bonded processing makers and importing offer is actually stopping then. Ingot makers wonder why the price did not increase even under the active demand.However, import price of primary aluminium temporarily decreased in September and Japanese domestic price also declined for October-December shipment following the trend. Secondary alloyed aluminium users offered ingot makers to decrease the price as a result.