Secondary Aluminium Ingot Price Decreases in Nagoya

The market price of secondary aluminium ingot is decreasing in Nagoya at around 265 yen per kilogram for jumbo size block of 90% purity and at around 270 yen per kg for 5kg block of 90% purity.Monthly average of primary aluminium price at overseas kept almost flat in September from August. Japanese domestic aluminium scrap market maintains the recent level following the offshore trend. Aluminium scrap demand keeps strong thanks to active operation at secondary aluminium alloy ingot makers.However, the secondary alloyed aluminium makers hold much material inventory and scrap supply is easy in the market. Secondary aluminium alloy ingot makers demand cheaper price against crude metal makers reflecting the decline of aluminium alloy price. The market price is under the weak trend.Overseas primary aluminium market is currently upward. Secondary aluminium ingot makers and scrap dealers are watching the trend. The secondary aluminium alloy ingot makers would decrease the selling price to large contract users in October-December. Then the makers seem to demand scrap dealers cheaper prices.