China's aluminum scrap prices surge again on bullish sentiment

Chinese prices for aluminum scrap have risen significantly since the beginning of March, buoyed by market players' strong appetite for nonferrous metals, the results of Mysteel's latest survey show.

On March 9, for example, the average price for domestically-generated #6063 aluminum scrap in South China's Guangdong province had jumped by 5.9% from the end of February to reach Yuan 19,750/tonne ($2,872/t), the highest since January 2023, according to Mysteel's assessment. On the same day, China's composite primary aluminum price