Aluminium Plate Price Keeps Flat in Tokyo

The market price of aluminium plate keeps flat in Tokyo. The price is around 700 yen per kilogram for large sized plate, around 715 yen per kg for small sized plate and around 720 yen per kg for 52S alloy plate.Primary aluminium ingot price is surely to increase by 30 yen per kg in July. Dealers will pass the increasing prime costs on their reselling prices for aluminium plate and extrusions all together in July, not within June in advance.Primary aluminium price at London Metal Exchange is currently weak, decreasing by US$ 64.5 to US$ 2,397 per tonne at settlement on Friday from the previous day. The price negotiation might take some time between dealers and users with weak LME market. However, dealers sustain the strong selling stances to pass the increasing prime costs steadily.The strong stances are supported by the demand increase mainly for semiconductors. Dealer source said that not only nominal but actual demand has recovered for aluminium plate and seemed to maintain the level for a while with no negative factors in the market. The market price of aluminium plate could increase in the short term.