Demand recovery to bolster prices of sec aluminium in Sep

SHANGHAI, Aug 12 (SMM) – Prices of secondary aluminium across Chinese markets are expected to rally in September, in anticipation of a consumption recovery.

There has been signs of a pick-up in demand, with some die-casting plants reporting better orders since July. Improved orders drove them to shorten or give up scheduled summer break, but most die-casting plants remained closed.

This helped stem declines in prices of secondary aluminium ADC12.

Prices of secondary aluminium were also stabilised by steady prices of aluminium scrap, as hot weather and generally weak prices prompted scrapyards to scale back operations.

SMM believes that secondary aluminium prices have bottomed out.