China aluminum scrap prices strengthen on firm demand

Chinese prices for aluminum scrap have risen markedly over the past two months amid expanding demand for scrap materials from secondary aluminum producers, Mysteel's survey showed. The prices also gained support from strengthening of primary aluminum prices.

As of November 3, for example, the average price of domestically-generated #6063 aluminum scrap in South China's Guangdong province was assessed by Mysteel at Yuan 17,350/tonne ($2,435/t), the highest since Mysteel commenced tracking ali scrap prices in January 2023. Also on Monday, Mysteel's assessment showed that China's national spot price