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Aluminum Alloy & Scrap Market Update 2024 #10 Prices Continue to Rise in High Range

The aluminum alloy and domestic aluminum scrap markets continue to test higher prices in a high range. The feeling of tight supply and demand remains strong as shipments flow towards exports due to the weak yen, combined with thin supply. Scrap prices are rising across the board, and domestic ADC products are also forming a market by exploring the potential for price increases. As of the 15th, major scrap types have risen by 5-25 yen compared to early May, and domestic ADC has increased by 5-10 yen, reaching 380-390 yen per kilogram. However, there are indications that expectations for higher prices, driven by the high-range LME market, are causing domestic scrap movements to thin out, suggesting that the market is becoming speculative and detached from actual demand.
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