Chinese secondary aluminium alloy ingot export prices move further down

Due to the Yen depreciation and the weak demand from overseas market, export prices for Chinese secondary aluminium alloy ingot, used for diecast automotive components, fell steeply this week as some producers turned aggressive. The prices edged down by $30t to about $1,730-1,750t CIF Japan this week.

The spot Chinese export price of ADC12 alloys was assessed at $1,740-$1,790/mt FOB China Tuesday, down $55/mt from $1,815-$1,825/mt FOB last week.

Last week also witnessed some slip of export prices from $1,800-1,820t CIF Japan to about $1,760-1,780t CIF Japan. It is predicted that export prices for Chinese secondary aluminium alloy ingot will drop further as the auto industry in Japan will not turn better in the short term.

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.