Offshore market price of secondary alloyed aluminum is accelerated to increase. The world largest supplier of Sigma Group of Taiwan increased the offer to the year high of US$ 2,370 per tonne at CIF Japan. Chinese makers also increased the offer by US$ 30-40 to more than US$ 2,300 in a week. Higher market price of primary aluminium and aluminium scrap lifts the secondary metal. The secondary metal lead time gets longer due to strong demand and tight scrap supply when Sigma Group’s offer for Japanese buyers is for shipment in late May and other makers’ offer is for June shipment.
Ye Chiu Metal (Taicang) said to a reporter of Japan Metal Bulletin the company’s profitability is still severe when the firm cannot pass the higher cost on the selling price despite of the recent price hike. European and US aluminium scrap market is still high level. The offer from North America is US$ 1,895 per tonne for mixed aluminium castings scrap and US$ 1,874 for mixed old aluminium sheet scrap, which increased by around US$ 60 in a week, according to Japanese trading firm source. Russian offer is US$ 2,270-2,280 per tonne for AK5M2 grade metal. Chinese secondary aluminium alloy makers are busy to serve strong domestic demand when automobile production keeps high level. They reduce the export and already closed the book for April and May shipment.M | T | W | T | F | S | S |
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Japan Steel Scrap Composite Prices (Sangyo Press)
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