China's aluminum scrap prices retreat as sentiment cools

After rising substantially in January, Chinese prices for aluminum scrap have retreated since the beginning of this month, in parallel with the fall in prices of primary aluminum, the results of Mysteel's latest survey show. The gradual cooling of sentiment in the domestic aluminum market was blamed.

On February 11, for example, Mysteel assessed the average price for domestically-generated #6063 aluminum scrap in South China's Guangdong province at Yuan 18,750/tonne ($2,712/t), lower by 3.6% from the end of January. By the same day, China's composite primary aluminum price had also dropped 5.4% from end-January to reach Yuan