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Aluminum Alloy & Scrap Market Update 2023 #17  Market conditions remain firm as the market enters a rebound phase

The aluminum alloy and domestic aluminum scrap markets, which both began strengthening in late August, have been firming up recently. This is due to alloy makers taking advantage of the timing of progress in inventory adjustment due to the recovery of automobile production, and are now making serious efforts to restore prices of their products, which had been inversely affected by the price reversal with Chinese products. At the same time, alloy manufacturers are beginning to respond to requests from scrap wholesalers to raise purchase prices due to concerns about the future procurement of raw materials, which continue to be in short supply, further widening the scope for higher prices in the scrap market. The change in the tide has become real.
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