Al Scrap Market Price Maintains Strong, Tokyo

Aluminium scrap market price is strong around Tokyo. Scrap generation maintains low level while there are strong offers from Chinese importers. Aluminium scrap supply is tightening. Japanese secondary aluminium alloy makers aim to increase scrap procurement gradually when they plan to narrow output reduction range in and after May. However, an alloy producer said scrap price is rapidly surging and the procurement is difficult.

Aluminium scrap generation is significantly decreasing from plants and factories. Meanwhile, scrap dealers are actively collecting aluminium scrap for export. Dealers are in severe competition to secure aluminium scrap. Even at a large dealer specializing in aluminium scrap, the dealing volume is halving from the peak. Some dealers are holding the inventories with an expectation the market price could rise.

Aluminium scrap export price for China stays high. However, some concerned sources point out the offer price seems leveling off after mid April.