The Chinese spot ADC12 prices rise due to rising primary aluminium

The price of Chinese domestic spot aluminium alloy ADC12 has inched up due to an improved performance of primary aluminium prices and better demand, said industry sources. The Platts weekly assessment for ADC12 has gone up from last week’s 14,600-15,100/mt to 14,750-15,250/mt ex-works Tuesday.

One diecaster reported that he paid Yuan 15,400/mt this week, even though he had paid 15,000/mt only last month.

The pick up in prices are common during this time as factories are rushing to fill their year-end orders. However, this year the hike has come in later and lower than usual. October-December is usually the peak season for plant but the demand in general seems slower this year, perhaps due to the slower Chinese economy.

The Shanghai Futures Exchange saw the November aluminium future at Yuan 13,980/mt compared to Yuan 13,700/mt last Tuesday and Yuan 13,935 on October 8 this year.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.