Aluminium Scrap Price Trend and Forecast

Aluminium Scrap Regional Price Overview

Get the latest insights on price movement and trend analysis of Aluminium Scrap in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Aluminium Scrap Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Aluminium Scrap Energy, Metals and Minerals Europe 1162 USD/MT January 2024

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During the second quarter of 2024, the aluminium scrap market experienced notable fluctuations, influenced by varying factors in both domestic and international contexts. Throughout this period, the aluminium scrap market in India showed sluggish movement, with buyers adopting a cautious approach due to a minor decline in LME aluminium prices. This price dip was partly due to the relaxation in imported raw material consignments, which kept imported aluminium scrap prices relatively low and stable.

Aluminium Scrap Price Chart

Aluminium Scrap Price Trends and Forecast

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Market activity remained subdued, leading sellers to lower their offers in an effort to liquidate materials. This trend was further exacerbated by sluggish trade activities and a lack of significant upward fluctuations in the imported aluminium scrap market. Also, in the domestic market, prices of ADC12 alloy ingot, also experienced a decline as well.

This was reflected in the widening scrap-to-alloy price spread, indicating a growing disparity between raw scrap and processed alloy prices. The inventory levels of aluminium stocks in LME-registered warehouses surged significantly, reaching their highest levels since January 2022. This increase in inventory levels contributed to the downward pressure on prices, as higher stock levels typically signal an oversupply in the market.

Additionally, India's economic conditions played a role in shaping the aluminium scrap market. Consumer price inflation showed signs of moderation, primarily due to persistent food inflation, which influenced overall market sentiment. This easing of inflation rates, while positive for consumers, did not significantly stimulate purchasing activity in the aluminium scrap market, where buyers remained cautious amid the fluctuating prices and market conditions.

Analyst Insight

According to Procurement Resource, the price of Aluminium Scrap is expected to follow a complex interplay of factors, including international price movements, regional market dynamics, and broader economic indicators.

Aluminium Scrap Price Trend for the Second Half of 2023

Product Category Region Price Time Period
Aluminium Scrap Energy, Metals and Minerals Europe 1190 USD/MT July’23
Aluminium Scrap Energy, Metals and Minerals Europe 1130 USD/MT August’23
Aluminium Scrap Energy, Metals and Minerals Europe 1164 USD/MT December’23

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The aluminium scrap market exhibited mixed price trends throughout the second half of the year 2023. However, surprisingly, the aluminium scrap market performed better than the metal aluminium market. The scrap prices, though, started on a lower note at the beginning of the said period in July, impressively improving steadily for the next few months.

Though the movements in prices were very marginal and confined, the overall market sentiments were relatively positive in the gloomy times of global trade. At first, the monthly average prices in the European market went from around 1190 USD/MT (FOB) in July’23 to about 1130 USD/MT in August’23, showcasing a sudden decline of about 5%. However, the prices started to slowly incline after that and finished at about 1164 USD/MT in December’23, registering a 3% incline from August.

Analyst Insight

According to Procurement Resource, the Aluminium Scrap prices are likely to rise further in the coming months since industrial demands are expected to surge after the end of this holiday season.

Aluminium Scrap Price Trend for the First Half of 2023

In the first quarter of 2023, the demand for aluminium scrap declined by almost 4 percent as compared to the previous quarters in the US and Canadian markets. However, the market conditions were still stable as compared to the previous quarters due to the increased interest of utility companies and the government in the electrical grid systems. In addition to this, the rates of exports to international buyers also inclined several folds while the import rates declined significantly, providing the falling market dynamics of aluminium scrap a cushion.

The situation in European countries was also the same as seen in the US and Canada. The main cause of fluctuations in the prices of aluminum scrap in this region was the low inflow of the product. The backlog of new orders placed continued to hamper the growth of the aluminium scrap price trend in the first two quarters of 2023. Further, the consumer sector in the region also seemed under the pressure of poor performance of the economy, rising interest rates, and soaring costs of energy production, which eventually led to a fall in the index of consumer purchasing potential.

Analyst Insight

According to Procurement Resource, the price of Aluminium Scrap is expected to follow an oscillating trajectory as the consumers seem to be suffering from uneven market conditions and negatively sliding economic conditions.

Procurement Resource provides latest prices of Aluminium Scrap. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Aluminium Scrap

Aluminium scrap refers to discarded or recycled aluminum-containing materials and products that are no longer needed for their original purpose. It encompasses a wide range of aluminum-based items, including old machinery, vehicles, packaging materials, construction components, and various consumer goods that have reached the end of their useful life. Aluminum scrap is collected and processed through recycling facilities to recover the aluminum content, which can then be melted down and reused in various industrial applications, particularly in the production of new aluminum products.

Aluminium Scrap Product Details

Report Features Details
Product Name Aluminium Scrap
Industrial Uses Aluminium Production, Energy generation, Transport Infrastructure, Automotive Parts, Machinery and equipment
HS Code 76020090
Supplier Database Sims Metal Management Kuusakoski Recycling DOWA HOLDINGS Co Ltd, Arcelor Mittal S.A., REAL ALLOY Commercial Metals Company, Aurubis AGS TRIMET, Aluminium Nupur Recyclers, Arfin India Ltd
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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