Chinese secondary aluminum alloy ingot market sees weak demand
2023-03-08 11:32:36 [Print]
BEIJING (Asian Metal) 8 Mar 23 - This week, the demand for secondary aluminum alloy ingot kept weak and orders from consumers didn't increase significantly. On Tuesday, mainstream prices for Chinese aluminum alloy ingot ADC12 stood at RMB18,900-19,100/t (USD2,712-2,740/t) delivered D/P, unchanged from Monday. Insiders said that orders of secondary aluminum alloy ingot producers basically kept stable from last week, so prices for Chinese aluminum alloy ingot ADC12 would keep flat in the coming week.
A producer in East China revealed that the demand of their downstream customers kept weak this week, and their daily sales volume is about 100t at present, basically the same as last week. "On Tuesday, we could accept RMB19,000/t (USD2,726/t) delivered D/P for aluminum alloy ingot ADC12 and refused customers' counteroffers, in line with Monday. At RMB19,000/t (USD2,726/t) delivered D/P, we sold 32t on Tuesday and 64t on Monday," the source said, adding that orders from their downstream customers show no sign of improvement at present, so prices for Chinese aluminum alloy ingot ADC12 would keep flat in the coming week.
With an annual production capacity of 84,000t, the producer produced about 38,200t in 2022 and expects to produce about 3,000t in March, compared with about 2,500t in February. They hold about 800t of stocks now.
A producer in Southwest China said that orders from their downstream customers have not increased significantly at present, and their daily sales volume stayed at about 80t this week, basically unchanged from last week. "On Tuesday, we offered RMB19,100/t (USD2,740/t) delivered T/T 30 days for aluminum alloy ingot ADC12 and could accept a concession of RMB100/t (USD14.35/t) for regular customers, stable from Monday. We sold 15t at RMB19,100/t (USD2,740/t) delivered T/T 30 days today and 100t at RMB19,000/t (USD2,726/t) delivered T/T 30 days on Monday," the source said, adding that the demand for secondary aluminum alloy ingot kept weak this week, and prices for Chinese aluminum alloy ingot ADC12 would keep flat in the following week.
With an annual production capacity of 80,000t, the company produced about 20,500t in 2022 and about 3,000t in February, expecting to produce about 3,500t in March. They hold about 350t of stocks now.
A producer in East China revealed that the demand of their downstream customers kept weak this week, and their daily sales volume is about 100t at present, basically the same as last week. "On Tuesday, we could accept RMB19,000/t (USD2,726/t) delivered D/P for aluminum alloy ingot ADC12 and refused customers' counteroffers, in line with Monday. At RMB19,000/t (USD2,726/t) delivered D/P, we sold 32t on Tuesday and 64t on Monday," the source said, adding that orders from their downstream customers show no sign of improvement at present, so prices for Chinese aluminum alloy ingot ADC12 would keep flat in the coming week.
With an annual production capacity of 84,000t, the producer produced about 38,200t in 2022 and expects to produce about 3,000t in March, compared with about 2,500t in February. They hold about 800t of stocks now.
A producer in Southwest China said that orders from their downstream customers have not increased significantly at present, and their daily sales volume stayed at about 80t this week, basically unchanged from last week. "On Tuesday, we offered RMB19,100/t (USD2,740/t) delivered T/T 30 days for aluminum alloy ingot ADC12 and could accept a concession of RMB100/t (USD14.35/t) for regular customers, stable from Monday. We sold 15t at RMB19,100/t (USD2,740/t) delivered T/T 30 days today and 100t at RMB19,000/t (USD2,726/t) delivered T/T 30 days on Monday," the source said, adding that the demand for secondary aluminum alloy ingot kept weak this week, and prices for Chinese aluminum alloy ingot ADC12 would keep flat in the following week.
With an annual production capacity of 80,000t, the company produced about 20,500t in 2022 and about 3,000t in February, expecting to produce about 3,500t in March. They hold about 350t of stocks now.
