China's aluminum scrap prices surge to record high

Chinese prices for aluminum scrap have posted substantial gains since the beginning of January, in parallel with the skyrocketing prices of primary aluminum, the results of Mysteel's latest survey show. The buoyant prices reflect the fervent mood in the domestic nonferrous market generally, sources said.

As of January 14, the average price for domestically-generated #6063 aluminum scrap in South China's Guangdong province had jumped 7.9% from the end of last month to reach Yuan 19,150/tonne ($2,746/t), the highest level since Mysteel commenced tracking the price in 2023. By the same day, China's composite primary aluminum