| A fall in Japanese aluminum ingot import premiums has dampened domestic used beverage can prices, while other aluminum scrap prices have remained stable over the past month, local scrap brokers said Tuesday, May 12. The sales price of used beverage cans to secondary aluminum alloy smelters was around Yen 160-Yen 170 ($1.33-$1.41)/kg on a delivered basis this week, said scrap dealers in Nagoya and Tokyo.
In Nagoya, deals were done at around Yen 160/kg delivered, down Yen 5/kg from April and down Yen 20/kg from earlier in the year, a local dealer said. "The final users of used beverage cans are aluminum rolling mills making cansheets, and the rolling mills usually cite the import premiums [when negotiating feedstock prices]," the dealer said...............................................Full Article: Source
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