Some smelter-grade aluminium scrap prices have started to show renewed signs of deterioration, due to falling secondary aluminium alloy prices, ample scrap availability and new concerns over Chinese scrap demand during the northern hemisphere's summer months.
"The market is under pressure, triggered with the news about China import delays and 380 prices under pressure. There is metal out there, and it is going to be a storm. I think there will be a mini cyclone in the market as the summer comes into play," one consumer said.The benchmark A380.1 secondary alloy price has trended lower since mid-March. Fastmarkets AMM's most recent assessment dropped to 80-83 cents per lb on Thursday April 25, down from 82-84 cents per lb previously.The declines in...