22 DECEMBER 2011Steel Guru
Aluminum alloy makers cut scrap price in Tokyo for H2 December
Edited by : AL CIRCLE
1 min read
JMB reported that aluminum scrap dealers agreed with secondary alloyed aluminum makers for aluminum scrap price for second half of December around Tokyo. The price is flat as the first half and decreases by JPY 2to JPY 3 per kilogram for some items. The scrap price and shipment remains slow toward yearend.
The dealers tried to keep the aluminum scrap selling price for second half of December citing tight supply. The secondary alloyed aluminum makers tried to reduce the scrap price by JPY 4 to JPY 5 per kilogram under lower offshore primary aluminum ingot price.
The alloyed aluminum makers' purchase price decreased by JPY 2 to JPY 3 to around JPY 105 per kilogram for used beverage can scrap. The demand of UBC remains low when used can re melting ingot makers cannot make money at the scrap cost. One re melting maker source said the maker cannot secure the profit when used beverage can scrap price is more than JPY 100.
The dealers tried to keep the aluminum scrap selling price for second half of December citing tight supply. The secondary alloyed aluminum makers tried to reduce the scrap price by JPY 4 to JPY 5 per kilogram under lower offshore primary aluminum ingot price.
The alloyed aluminum makers' purchase price decreased by JPY 2 to JPY 3 to around JPY 105 per kilogram for used beverage can scrap. The demand of UBC remains low when used can re melting ingot makers cannot make money at the scrap cost. One re melting maker source said the maker cannot secure the profit when used beverage can scrap price is more than JPY 100.
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