Delta Aluminum increases secondary aluminum alloy ingot production
2024-03-26 11:36:31 [Print]
BEIJING (Asian Metal) 26 Mar 24 - Zhaoqing Delta Aluminum Industry Co., Ltd., one of the major secondary aluminum alloy ingot producers in South China, plans to increase the output of secondary aluminum alloy ingot to 9,000t or so in March.
"Considering that our company only produced 12 days in February and voluntarily reduced production due to losses at the same time, the output was only about 4,000t finally in February. Entering March, we improved the operating rate and expect to produce around 9,000t of aluminum alloy ingot in March", a source from the company said, adding that their secondary aluminum alloy ingot exports and domestic sales are split equally.
With an annual production capacity of 250,000t, the producer saw an output of about 147,000t in 2023. They produced around 4,000t in February and expect to produce about 9,000t in March, holding around 600t of aluminum alloy ingot stocks for the moment.
On Monday, mainstream prices for Chinese aluminum alloy ingot ADC12 stayed at RMB19,500-19,700/t (USD2,704-2,732/t) delivered D/P, stable from last Friday. Insiders noted that this week the supply of raw material aluminum scrap shows short and secondary aluminum alloy ingot producers have a strong willingness to hold prices firm, and predict that the prices for Chinese aluminum alloy ingot ADC12 would remain stable in the upcoming week.
"Considering that our company only produced 12 days in February and voluntarily reduced production due to losses at the same time, the output was only about 4,000t finally in February. Entering March, we improved the operating rate and expect to produce around 9,000t of aluminum alloy ingot in March", a source from the company said, adding that their secondary aluminum alloy ingot exports and domestic sales are split equally.
With an annual production capacity of 250,000t, the producer saw an output of about 147,000t in 2023. They produced around 4,000t in February and expect to produce about 9,000t in March, holding around 600t of aluminum alloy ingot stocks for the moment.
On Monday, mainstream prices for Chinese aluminum alloy ingot ADC12 stayed at RMB19,500-19,700/t (USD2,704-2,732/t) delivered D/P, stable from last Friday. Insiders noted that this week the supply of raw material aluminum scrap shows short and secondary aluminum alloy ingot producers have a strong willingness to hold prices firm, and predict that the prices for Chinese aluminum alloy ingot ADC12 would remain stable in the upcoming week.
