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Overseas and Domestic Sellers Lowered Quotes for ADC12 Aluminium Alloy

iconMay 26, 2023 13:27
Recently, the quotations of ADC12 in Malaysia and South Korea fell to around $2,260-2,280/mt, and the domestic prices also fell in May.

Recently, the quotations of ADC12 in Malaysia and South Korea fell to around $2,260-2,280/mt, and the domestic prices also fell in May. The current exchange rate of yuan against the US dollar fell below the "7" mark, setting a new low in more than 5 months. Therefore, import losses increased to 400-600 yuan/mt.

Due to the continuous import losses and weakening domestic consumption in March and April, traders' enthusiasm for imports declined, and the imports of ADC12 aluminium alloy ingots fell to 90,000 mt.

It is expected that the number of imported aluminium alloy ingots will hardly increase, and the arrival volume will remain at 80,000-100,000 mt.

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