Chinese secondary aluminum alloy ingot prices increase
2024-04-02 11:54:43 [Print]
BEIJING (Asian Metal) 2 Apr 24 - Driven by the increasing primary aluminum price, prices for secondary aluminum alloy ingot went up accordingly. On Monday, mainstream prices for Chinese aluminum alloy ingot ADC12 stood at RMB19,500-19,800/t (USD2,696-2,738/t) delivered D/P, up by RMB50/t (USD6.91/t) from last Friday. Insiders reckoned that prices for Chinese aluminum alloy ingot ADC12 would decline in the coming week as the overall demand for secondary aluminum alloy ingot keeps weak now.
A producer in Central China revealed that they would not sell aluminum alloy ingot ADC12 at prices lower than RMB19,800/t (USD2,738/t) delivered D/P this Monday, while they could accept a price as low as RMB19,700/t (USD2,724/t) delivered D/P last Saturday. "We sold 30t at RMB19,800/t (USD2,738/t) delivered D/P on Monday and 20t at RMB19,700/t (USD2,724/t) delivered D/P last Friday," the source said, adding that the demand for secondary aluminum alloy ingot is weak at present, and producers bear great inventory pressure, so prices for Chinese aluminum alloy ingot ADC12 might fall in the week to come.
With an annual production capacity of 100,000t, the company produced about 33,000t in 2023. They produced about 300t in February and 3,000t in March, holding no stock now.
A producer in South China disclosed that they raised their aluminum alloy ingot ADC12 prices stimulated by the rising primary aluminum price. On Monday, they could accept RMB19,700/t (USD2,724/t) delivered D/P for aluminum alloy ingot ADC12 and could accept a credit term of 30 days for regular customers, while last Friday, they could accept RMB19,600/t (USD2,710/t) delivered T/T 30 days. "We sold 60t at RMB19,700/t (USD2,724/t) delivered T/T 30 days on Monday and 30t at RMB19,600/t (USD2,710/t) delivered T/T 30 days last Friday," the source said, adding that secondary aluminum alloy ingot customers place few orders at present, so prices for Chinese aluminum alloy ingot ADC12 might move down in the following week.
With an annual production capacity of 150,000t, the company produced about 112,000t in 2023. They produced about 8,500t and 13,000t in February and March respectively, holding about 3,000t of stocks now.
A producer in Central China revealed that they would not sell aluminum alloy ingot ADC12 at prices lower than RMB19,800/t (USD2,738/t) delivered D/P this Monday, while they could accept a price as low as RMB19,700/t (USD2,724/t) delivered D/P last Saturday. "We sold 30t at RMB19,800/t (USD2,738/t) delivered D/P on Monday and 20t at RMB19,700/t (USD2,724/t) delivered D/P last Friday," the source said, adding that the demand for secondary aluminum alloy ingot is weak at present, and producers bear great inventory pressure, so prices for Chinese aluminum alloy ingot ADC12 might fall in the week to come.
With an annual production capacity of 100,000t, the company produced about 33,000t in 2023. They produced about 300t in February and 3,000t in March, holding no stock now.
A producer in South China disclosed that they raised their aluminum alloy ingot ADC12 prices stimulated by the rising primary aluminum price. On Monday, they could accept RMB19,700/t (USD2,724/t) delivered D/P for aluminum alloy ingot ADC12 and could accept a credit term of 30 days for regular customers, while last Friday, they could accept RMB19,600/t (USD2,710/t) delivered T/T 30 days. "We sold 60t at RMB19,700/t (USD2,724/t) delivered T/T 30 days on Monday and 30t at RMB19,600/t (USD2,710/t) delivered T/T 30 days last Friday," the source said, adding that secondary aluminum alloy ingot customers place few orders at present, so prices for Chinese aluminum alloy ingot ADC12 might move down in the following week.
With an annual production capacity of 150,000t, the company produced about 112,000t in 2023. They produced about 8,500t and 13,000t in February and March respectively, holding about 3,000t of stocks now.
