07 OCTOBER 2011STEELGURU
Secondary Al Alloy price slightly downs by JPY 3 per kg in Tokyo
Edited by : AL CIRCLE
1 min read
Major secondary aluminum alloy makers and automotive component makers around Tokyo almost agreed to leave unchanged or to slightly decrease by JPY 1 per kilogram to JPY 3 per kilogram for secondary aluminum alloy for September 16th to 30th 2011 shipment. Relatively high prices were adjusted downward to reflect market price decrease in primary aluminum and aluminum scrap.
Moreover, AD12.1 grade alloy import is remarkably increasing from China at low price of JPY 200 per kilogram to JPY 250 per kilogram. With these factors, domestic alloy makers failed to raise the selling price after tough negotiations. High prices were adjusted slightly downward and low prices were unchanged.
Alloy selling price is estimated to decrease significantly for October shipment. One factor is that successful bid price represented low alloy price at tender held by a large lot user for October to December shipment. Additionally AD12.1 grade alloy import from China seems to increase under strong yen trend.
The import exceeded 40,000 tonnes in August. Japanese trader source sees the import was likely to represent even higher volume in September and high volume arrivals are expected to continue in October.
Moreover, AD12.1 grade alloy import is remarkably increasing from China at low price of JPY 200 per kilogram to JPY 250 per kilogram. With these factors, domestic alloy makers failed to raise the selling price after tough negotiations. High prices were adjusted slightly downward and low prices were unchanged.
Alloy selling price is estimated to decrease significantly for October shipment. One factor is that successful bid price represented low alloy price at tender held by a large lot user for October to December shipment. Additionally AD12.1 grade alloy import from China seems to increase under strong yen trend.
The import exceeded 40,000 tonnes in August. Japanese trader source sees the import was likely to represent even higher volume in September and high volume arrivals are expected to continue in October.
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