China aluminum scrap prices fluctuate, demand still tepid

After falling at the end of May, Chinese prices for aluminum scrap stayed largely stable during the first week of June, the results of Mysteel's survey showed, with prices recently gaining some upward momentum from the strengthening of primary aluminum prices.

As of June 11, for example, the average price of domestically-generated #6063 aluminum scrap in South China's Guangdong province stood at Yuan 16,450/tonne ($2,287/t), slightly higher by 0.6% from a week earlier, while the country's national spot price for primary aluminum also edged up by 0.6% on week to