China aluminum scrap prices rebound again

After heading south late last month, Chinese prices for aluminum scrap have steadily trended upward so far this month in tandem with the rise in prices of primary aluminum, the results of Mysteel's latest survey showed. Demand for the light metal scrap remains subdued, however.

As of August 13, for example, the average price of domestically-generated #6063 aluminum scrap in South China's Guangdong province was assessed by Mysteel at Yuan 16,950/tonne ($2,363/t), rising by 1.8% from the end of July and refreshing the highest level since November 8 last year. By the same day, Mysteel's