Chinese secondary aluminum alloy ingot price declines
2023-04-04 13:30:52 [Print]
BEIJING (Asian Metal) 4 Apr 23 - At present, the demand for secondary aluminum alloy ingot keeps weak and producers see a decrease in sales. On Monday, mainstream prices for Chinese aluminum alloy ingot ADC12 stood at RMB18,600-18,800/t (USD2,702-2,731/t) delivered D/P, down by RMB100/t (USD14.53/t) from last week. Insiders said that the demand of downstream customers for secondary aluminum alloy ingot shows no sign of improvement, so prices for Chinese aluminum alloy ingot ADC12 might drop by RMB100/t (USD14.53/t) in the coming week.
A producer in North China revealed that they offered RMB19,000/t (USD2,760/t) delivered D/P for aluminum alloy ingot ADC12 on Monday, and could accept a credit term of 30 days for regular customers, while they would not sell the material at prices lower than RMB19,000/t (USD2,760/t) delivered D/P last Friday. "We didn't close deals this Monday, while last sold 10t at RMB19,100/t (USD2,775/t) delivered D/P last Tuesday," the source said, adding that the demand keeps weak this week, and their sales in March decreased by 10%-20% compared with the same period last year. They reckoned that prices for Chinese aluminum alloy ingot ADC12 would fall by RMB100/t (USD14.53/t) in the following week.
With an annual production capacity of 90,000t, the company produced about 50,000t in 2022 and about 5,800t in March, compared with about 4,000t in February. They hold about 2,800t of stocks now.
A producer in South China reported that they could accept a price as low as RMB18,800/t (USD2,731/t) delivered D/P for aluminum alloy ingot ADC12 on Monday and even could accept a credit term for regular customers, while they could accept RMB18,900/t (USD2,746/t) delivered T/T 30 days last Friday. "We didn't close deals on Monday, while last sold 100t at RMB18,900/t (USD2,746/t) delivered T/T 30 days last Thursday," the source said, adding that orders from their downstream customers decrease by about 30% from the normal level and the demand for secondary aluminum alloy ingot keeps weak. Therefore, prices for Chinese aluminum alloy ingot ADC12 would move down by RMB100/t (USD14.53/t) in the week to come.
With an annual production capacity of 250,000t, the producer produced about 142,500t in 2022 and about 12,000t in March, compared with about 13,000t in February. They hold about 100t of stocks now.
A producer in North China revealed that they offered RMB19,000/t (USD2,760/t) delivered D/P for aluminum alloy ingot ADC12 on Monday, and could accept a credit term of 30 days for regular customers, while they would not sell the material at prices lower than RMB19,000/t (USD2,760/t) delivered D/P last Friday. "We didn't close deals this Monday, while last sold 10t at RMB19,100/t (USD2,775/t) delivered D/P last Tuesday," the source said, adding that the demand keeps weak this week, and their sales in March decreased by 10%-20% compared with the same period last year. They reckoned that prices for Chinese aluminum alloy ingot ADC12 would fall by RMB100/t (USD14.53/t) in the following week.
With an annual production capacity of 90,000t, the company produced about 50,000t in 2022 and about 5,800t in March, compared with about 4,000t in February. They hold about 2,800t of stocks now.
A producer in South China reported that they could accept a price as low as RMB18,800/t (USD2,731/t) delivered D/P for aluminum alloy ingot ADC12 on Monday and even could accept a credit term for regular customers, while they could accept RMB18,900/t (USD2,746/t) delivered T/T 30 days last Friday. "We didn't close deals on Monday, while last sold 100t at RMB18,900/t (USD2,746/t) delivered T/T 30 days last Thursday," the source said, adding that orders from their downstream customers decrease by about 30% from the normal level and the demand for secondary aluminum alloy ingot keeps weak. Therefore, prices for Chinese aluminum alloy ingot ADC12 would move down by RMB100/t (USD14.53/t) in the week to come.
With an annual production capacity of 250,000t, the producer produced about 142,500t in 2022 and about 12,000t in March, compared with about 13,000t in February. They hold about 100t of stocks now.
