Weak Price of Aluminium Scrap in Tokyo

The market price of aluminium scrap is weak in Tokyo. The price of used beverage can (UBC) is likely to decline under the easing supply in the region after a major aluminium alloy maker in Tokyo area ceased the production of recycled beverage can, while the maker consumed around 1,000 tonnes of UBC per month.A major can material maker in the region decreased its purchasing price for UBC by 10 yen per kilogram in July, while the maker also decreased the price in late June. There spread some disappointed feelings among scrap dealers when primary aluminium ingot price is under the firm tone, though the maker announced the price revision to scrap dealers toward the end of June.Secondary aluminium alloy ingot makers consume aluminium scrap steadily when they are in high operations thanks to the strong demand for automotive parts. However, the makers purchased more aluminium scrap by June than usual month and still hold enough material inventories at present.