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Home / Metal News / Slack Demand Prevents Secondary Aluminium Alloy Prices From Gaining As Much As Aluminium Prices

Slack Demand Prevents Secondary Aluminium Alloy Prices From Gaining As Much As Aluminium Prices

Jun 5, 2023 18:06

Source:SMM

SHANGHAI, Jun 5 (SMM) –The prices of ADC12 secondary aluminium alloy rose 150 yuan/mt from a week ago to 18,650 yuan/mt as of last Friday.

SHANGHAI, Jun 5 (SMM) –The prices of ADC12 secondary aluminium alloy rose 150 yuan/mt from a week ago to 18,650 yuan/mt as of last Friday. Weak demand curbed gains of ADC12 prices. Some traders lowered offers to 17,700-17,900 yuan/mt amid fierce market competitions. Operating rates of secondary aluminium alloy plants remained low last week and may drop soon as die-casting plants plan to cut output further in June, which will hurt demand for secondary aluminium alloy. Even though import quotations were cut to $2,240-2,260/mt, Chinese ADC12 importers still suffered losses of 300-400 yuan/mt as RMB has depreciated. ADC12 prices are vulnerable to decline in the off-season.

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Slack Demand Prevents Secondary Aluminium Alloy Prices From Gaining As Much As Aluminium Prices

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