Secondary aluminum alloy makers raise scrap purchase price

Secondary alloyed aluminum makers around Tokyo agreed with aluminum scrap suppliers to increase the scrap purchase price for H1 of February which is the first increase in around a year. The price increases by averaged JPY 5 per kilogram for high grade scrap and by JPY 3 for lower grade scrap.

The alloy makers around Osaka increased the scrap purchase price by JPY 2 to JPY 5 which is the first increase since H1 of March 2011. The makers around Tokyo allowed JPY 6 to JPY 7 per kilogram higher price for used beverage can scrap for H1 of February. The price increases for the first time since H2 of August 2011. The makers accepted higher scrap price but slow domestic demand impacted on the talk.

The new high grade scrap price is JPY 150 per kilogram to JPY 155 per kilogram for new cutting and 63S grade scrap around Tokyo. The price is JPY 152 to JPY 157 for aluminum printing plate scrap. The lower grade scrap price is JPY 122 to JPY 127 for machinery casting scrap JPY 100 to JPY 105 for alloy turning scrap and JPY 125 to JPY 130 for sash scrap with screw. Used beverage can scrap price is JPY 103 to JPY 108.

The makers around Osaka increased the high grace scrap purchase price by around JPY 5 per kilogram. They pay JPY 148 per kilogram to JPY 154 per kilogram for new cutting scrap, JPY 125 to JPY 132 for pressed sash scrap and JPY 104 to JPY 109 for used beverage can scrap. The makers increase the lower grade scrap purchase price by JPY 2 to JPY 3.

The scrap suppliers tried to increase the scrap price by JPY 10 per kilogram for high grade scrap by more than JPY 5 for low grade scrap and by near JPY 10 for used beverage can scrap around Tokyo. However, the alloy makers reduced the increase citing availability of cheap import.