UBC Market Price Levels Off around Tokyo

Market price of used aluminium beverage can (UBC) levels off around Tokyo. Local re-melted aluminium can scrap ingot (RSI) makers purchase UBC at around 111-116 yen per kilogram. Most of RSI makers and scrap dealers around Tokyo are likely to keep UBC price unchanged for March 16-31 shipment. One dealer source sees major RSI maker raised UBC purchasing price by 2-3 yen but the purchasing price is still 2-3 yen lower than other makers.

Domestic demand is weak for UBC though aluminium can material makers are increasing output in higher demand season. Major aluminium can material makers currently prefer primary aluminium ingot to RSI. Then RSI makers show weak appetite for UBC. One RSI maker said UBC market price is too expensive against present RSI selling price.