China aluminum scrap prices rangebound, demand seen waning

Chinese prices for aluminum scrap fluctuated in a narrow range during the past two weeks in parallel with prices of primary aluminum, Mysteel's latest survey showed. Prices of the light metal scrap will probably weaken in coming weeks as end-user demand is likely to decline, a survey respondent suggested.

As of May 28, for example, the average price of domestically-generated #6063 aluminum scrap in South China's Guangdong province was unchanged on week at Yuan 16,400/tonne ($2,276/t), while the country's national spot price for primary aluminum was Yuan 20,338/t, slightly higher by 0.1% from a week earlier, according to