China aluminium scrap prices climb in line with spot demand

<p>Major aluminium scrap commodity prices in China edged higher as spot market witnessed a sudden uptick in demand. As on Tuesday, June 20, most of the aluminium scrap commodities were up by RMB 100 per tonne from their previous average prices. Overall price change ratio has been in the range of 0.86-1.11.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/ScrapSMMJune20.png" alt="News" width="517" height="276" /></p> <p>In addition to the above aluminium scrap commodities, price increase was observed for Clean Tense (North China), Clean Tapping Aluminum Wire (East China, South China)-Zhejiang, Aluminum Scrap-Litho Plates (South China), Baled UBC (East China), Baled UBC (South China), Aluminum Extrusion (East China-Zhejiang) 6063 Old, Clean Tapping Aluminum Wire (East China)-Shanghai, and Shredded Taint (South China) variety.</p> <p>{googleAdsense}</p> <p>The price of Aluminum Radiator (North China) having recycling rate 85-87% showed the highest price change ratio (1.11%). As on June 20, the price of the aluminium scrap commodity ranged at RMB 9,050-9,250 per tonne, with the average price standing at RMB 9,150 per tonne.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/aluscrapJune20.png" alt="News" width="517" height="180" /></p> <p>Clean Tapping Aluminium Wire (North China) traded at the highest price in the spot market. &nbsp;The average price of the aluminium scrap commodity stood at RMB 12,050 per tonne, up 0.84 per cent from its previous average price of RMB 11,950 per tonne on June 19.&nbsp;</p>