- Spot aluminum alloy of Chinese ADC12 prices remained steady as domestic primary aluminum prices stayed strong despite a fall in London Metal Exchange aluminum prices, industry sources said Tuesday.
Sources said there had been no significant change in demand, thereby putting ADC12 offers under pressure.
S&P Global Platts maintained its weekly China domestic ADC12 price assessment at Yuan 13,400-13,700/mt ($2,053-$2,098/mt) Tuesday, unchanged week on week with most indications heard within the range.
"Most end-users bought when prices rose previously; now, they are adopting a 'wait-and-see' approach," an east China-based producer said. "Our offer is at Yuan 13,600/mt, down slightly from last week, while market indications are mostly steady around Yuan 13,500-13,600/mt." An east China-based producer, offering at Yuan 13,500/mt, said: "At least the domestic trade is performing better than exports."
An east China-based diecaster, however, said business "has not been good. We have had no orders for four weeks. It's very worrying."
Th diecaster last bought at over Yuan 13,000/mt and reckoned offers should be steady.
As time goes by,the aluminum alloy will become a more important part in human¡¯s life and will truly influence our daily life in reality.
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