Casting Aluminum Alloy Ingot Market Report November 2011

With the depreciation of Chinese domestic aluminum ingot price by RMB500/t (USD79/t), weak demand and tight funds in November, aluminum alloy ingot market went down further as the average offer of ADC12 casting aluminum alloy ingot declined by RMB600/t (USD95/t).Asian Metal Copyright The offer declined further and downstream buyers did not replenish the inventory.Asian Metal Copyright Downstream buyers were cautious about making purchases and participants stated that the quotation of ADC12 casting aluminum alloy ingot also declined last year, but with better downstream demand.Asian Metal Copyright Some producers of A356 casting aluminum alloy ingot was inactive and the operating rate was below 50%.Asian Metal Copyright The offer declined further and downstream buyers did not replenish the inventory.Asian Metal CopyrightWith the depreciation of Chinese domestic aluminum ingot price by RMB500t USD79t, weak demand and tight funds in November, aluminum alloy ingot market went down further as the average offer of ADC12 casting aluminum alloy ingot declined by RMB600t USD95t.Asian Metal Copyright Some producers of A356 casting aluminum alloy ingot was inactive and the operating rate was below 50%.Asian Metal Copyright Some producers of A356 casting aluminum alloy ingot was inactive and the operating rate was below 50%.Asian Metal Copyright Despite the recovery of Chinese domestic aluminum ingot price at the end of the month, most producers were cautious and pessimistic about the future market and thought that the market will go down further in December.Asian Metal Copyright Downstream buyers were cautious about making purchases and participants stated that the quotation of ADC12 casting aluminum alloy ingot also declined last year, but with better downstream demand.Asian Metal Copyright