SHANGHAI, Apr 17 (SMM) - After falling 240 yuan/mt last Tuesday, A00 aluminium prices rebounded on Friday and hit a two-month high of 18,710 yuan/mt. The prices of aluminium extrusion scrap gained 50-100 yuan/mt last week, while those of aluminium tense scrap barely changed, except for a rise of 50 yuan/mt in some areas. The price difference between A00 aluminium and aluminium scrap was relatively stable, except for a brief expansion in Foshan. Aluminium scrap suppliers held back their cargoes when aluminium prices slumped on Tuesday, but became more willing to sell after aluminium prices rebounded. The overall supply remained tight. Poor orders and high aluminium scrap prices kept downstream enterprises restocking as needed. Aluminium scrap prices are expected to see little upside or downside room in the short term.
The prices of ADC12 secondary aluminium alloy dipped 100 yuan/mt from a week ago to 19,250 yuan/mt as of last Friday.
