Japan Aluminium Scrap Market Rises

Aluminium scrap market price shows sign to rebound. Alloyed aluminium makers already increased the purchase price for high grade scrap including printing plate around Osaka under surging primary ingot price in mid-January though Osaka based major 2 makers stopped to buy the scrap in January due to account end period. The scrap market price is expected to increase by 3-5 yen per kilogram mainly for high grade items around Nagoya though the mood is cooler around Tokyo compared with Nagoya and Osaka.