SMM7: the number of standard P1020 aluminum ingots exported from Canada to the United States began to decline month by month, according to the latest data from the Aluminium Association of Canada. Canadian exports of P1020 aluminum ingots to the US are expected to fall by about 30 per cent to 112000 tonnes in July from a month earlier, compared with 155000 tonnes of standard P1020 ingots exported to the US in June, down 16 per cent from the previous month.
This partly reflects the recovery of demand for value-added products in the Canadian market.
Affected by the epidemic, the demand for value-added products in the automotive industry has declined, and some North American smelters have shifted their production focus to P1020 aluminum ingots.
Now, demand for value-added products is heating up again, and Canadian smelters are able to rebalance their production.
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