Aluminium scrap market price would decrease around Tokyo for late half of August when domestic primary aluminium ingot price significantly decreased from lower offshore market price and strong yen. However, domestic aluminium scrap demand is firm from secondary aluminum ingot makers.
Domestic primary aluminium ingot price decreased by around 15 yen per kilogram from early August. One aluminium scrap dealer source sees secondary aluminium ingot makers would try to reduce the scrap purchase price by 5-10 yen. One major dealer source said the makers’ purchase price decreased to less than 135 yen for aluminium sash scrap from 135-140 yen in first week of August. Used beverage can price would also decrease when dealers increase the sales from the stock. Users reduce the scrap purchase to prepare for maintenance outage in late August.Japan Steel Scrap Composite Prices (Sangyo Press)
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