en.Wedoany.com Reported - Purchase price negotiations for aluminum alloy scrap in the Tokyo market officially commenced on May 15. Aluminum secondary alloy manufacturers and wholesalers began price discussions for aluminum alloy scrap shipments scheduled for the second half of May. The aluminum ingot market, a key raw material, rebounded on the 14th to the high range seen in late April, drawing market attention to this round of purchase negotiations.

Spot prices for aluminum alloy scrap in the current Tokyo market remain stable. New cut window frames (63S) are quoted at 476,000 to 481,000 yen, while mechanical cast aluminum is quoted at 306,000 to 311,000 yen. Market participants are generally adopting a wait-and-see approach, awaiting guidance from the negotiation results on the subsequent direction of aluminum alloy scrap prices. Previously, on April 15, aluminum secondary alloy manufacturers and wholesalers had conducted price negotiations for raw materials shipped in the second half of April. Whether the current purchase negotiations for the second half of May can achieve further adjustments based on the previous round's prices has become a focal point of attention for all parties.

Following the rebound of aluminum ingot prices to the high range seen in late April, the price fluctuation of aluminum ingots, as a critical raw material for aluminum alloy scrap production, directly impacts the procurement costs of secondary alloy manufacturers. On the supplier side, the tight supply situation of aluminum scrap persists, while the demand side is influenced by changes in the operating rates of downstream processing enterprises. The consultations between both sides regarding shipment prices for the second half of May are expected to continue reflecting the dynamics of market supply and demand.

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