Weak Secondary Al Price in Nagoya

Aluminium scrap price is weak at around 185-195 yen per kilogram for new cutting scrap, 150-160 yen for foundry scrap from industrial machine, 135-145 yen for pressed aluminium can at the secondary aluminiumm ingot makers’ purchase around Nagoya.

Secondary aluminium makers requested the dealers to reduce the price by 15 yen per kilogram for the higher grade scrap and by 10 yen for the lower grade when primary aluminium ingot price plunged at home and abroad. The dealers were reluctant to decrease the price when the scrap generation remained low. However, the dealers seemed to reduce the price by 10-15 yen for higher grade and by 5-10 yen for lower grade when aluminium rolled products makers reduced the primary aluminium purchase price by around 12 yen per kilogram.

Japanese secondary aluminium ingot price decreased to less than 220 yen when Russian makers’ offer price stays at around US$ 2,100 per tonne.