Firm Used Aluminium Can Scrap Price in Tokyo

Used aluminium can scrap market price is firm around Tokyo. The makers’ purchase price is 116-121 yen per kilogram without freight for cash transaction. The scrap generation increases with seasonal factor but the supply is still low level when the dealers hold the inventory.

The scrap successful bid was 125.1 yen per kg at tender by Kashima city, Ibaraki in mid-July for August shipment. With the higher price, the market could turn into increase.

The domestic demand is firm for deoxidizing agent and secondary aluminium alloy but the largest users of aluminium can recycling ingot have less appetite when the used can price is relative higher than primary aluminium ingot.

The can scrap generation could increase under hot summer. However, the market price is expected to increase by 2-3 yen per kg due to speculation by the dealers. A maker source said they cannot secure the scrap at less than 120 yen in late July and have to pay 122-123 yen due to aggressive hike by the dealers.