China is experiencing an increase in investments in secondary aluminium production and producers are shifting focus on using scrap generated within China. China is generating a large amount of aluminium scrap every month.
Here is an analysis of the price trends of aluminium extrusion and wire scrap in the major China markets supported by data from Shanghai Metals Market. Scrap prices all across the Chinese market have registered a rise on the daily price index.
{alcircleadd}.jpeg)
On July 12, average prices of Clean Tapping Aluminium Wire scrap in the major China markets (South China, East China, Central China and North China) have registered a significant rise. The average price in the North China market stands at RMB12,400/t and for the South China market, it stands at RMB12,100/t.
The same scrap is selling at RMB11,950/t at East China Zhejiang province and at RMB12,000/t at Shanghai East China. In the Central China market, it is selling at RMB 11,800/t.
The price change ratio in each of the markets is moving within a range of 0.98% to 1.75 %
.jpeg)
Another aluminium scrap that has high demand in china is the Aluminium Extrusion scrap. The average price for 6063 old Aluminium Extrusion scraps at East China-Shanghai stands at RMB 11,150/t. the same scrap is selling at RMB 10,100/t at East China-Zhejiang. For North China, the price stands at RMB 10,750/t and for Central China it stands at RMB 10,650/t.
{googleAdsense}
The extrusion scrap prices registered a growth of 1.80% to 2.02% throughout all the markets.
According to the latest report published by Shanghai Metals Market and forecasted by Li Shilong, General of CIAR, China would turn out to be the major source for global aluminium scrap by 2025 with the fast growth of aluminium consumption in the country.
Responses
