Secondary Alloy Makers Reduce Al Scrap Price in Osaka, Nagoya

Secondary aluminium alloy ingot makers around Osaka reduced aluminium scrap purchase price by 10 yen per kilogram for higher grade scrap for first half of October while the makers decreased the purchase price by 5 yen for lower grade due to the declining overseas price and appreciating yen.

The price is 130-140 yen per kg for higher grade new cutting scrap in 4 tonnes lots including freight, 115-120 yen for casting scrap from machine and 95-100 yen for used beverage can.

Primary aluminium price at London Metal Exchange is decreasing since late September and stays around US$ 1,700 per tonne while telegraphic transfer selling rate is around 90 yen per US dollar. Higher grade aluminium scrap price decreased while break-even price with imported primary aluminium decreased. Secondary aluminium alloy makers reduced lower grade scrap purchase price when the makers hold the large stock of imported scrap and have difficulty in price hike of secondary ingot. UBC price is likely to decrease while primary aluminium price declined.

Secondary alloy makers around Nagoya reduced the purchase price by 10 yen per kg for higher grade scrap and by 5 yen for lower grade scrap.