Aluminium scrap market price decreased by JPY 2 per kilogram for high grade scrap around Osaka when primary aluminium market price maintains downtrend.
Local secondary aluminium alloy makers purchase high grade new cutting scrap at around JPY 150 per kg, aluminium sash scrap at around JPY 127 and used aluminium beverage can at JPY 105 to JPY 111.
Primary aluminium ingot settlement was USD 1,991.50 per tonne at London Metal Exchange on December 23, which was USD 78.90 lower than the settlement on the previous day. Japanese aluminium re rollers' breakeven point with imported primary ingot is estimated at JPY 185 per kg, which is JPY 5 lower than the level in first half of December.
Local secondary aluminium alloy makers decreased their aluminium scrap purchasing price by JPY 2 per kg mainly for high grade scrap for second half of December shipment to reflect the weak offshore primary aluminium price. Some alloy makers implemented the price cut by JPY 5 in the cases the price had been relatively high.
As for low grade scrap, the purchasing price was almost unchanged from the first half of December despite of slight price gap between several alloy makers.
One scrap dealer said scrap delivery is inactive when primary aluminium market price turned down although scrap trading used to be busy in usual yearends.
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