Aluminium alloy ingot prices in China remained steady through mid-September, posting a slight weekly increase. The rise was primarily supported by a shortage of aluminium scrap and a gradual recovery in consumption across key terminal sectors like 3C electronics, automotive, and photovoltaics. As a result, the aluminium processing industry has begun to regain its typical peak season momentum.
Key Highlights:
Production schedules at major producers of aluminum alloy ingots increased by *.** point compared to the previous week.
Even with increased production, a supply-and-demand imbalance exists given that peak season demand is still not stable.
The price of ADC** alloy ingots is likely to stay high in the short term, although the upward trend is limited by a gradual recovery in demand and increasing inventory levels.
During the week that ended on September **, aluminium alloy ingot prices in China climbed to USD *,***/mt ex Shanghai. On the raw materials side, domestic aluminium scrap prices maintained their upward trend, supported by tight supply conditions. The aluminium tense scrap market was particularly firm, indicating ongoing scarcity. Additionally, silicon metal prices held strong, adding further support to aluminium alloy ingot cost structures.
Aluminium alloy ingot producers in downstream markets experienced...
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