Chinese aluminum: ADC12 alloy offers rise on higher primary aluminum prices

2015-12-09

Offers for Chinese domestic spot aluminum alloy ADC12 rose amid higher primary aluminum prices, but the fresh demand seen lately is expected to weaken as buying thins out towards the year-end, sources said Tuesday.

Platts lifted its weekly China domestic ADC12 assessment to Yuan 12,100-12,500/mt ($1,886-$1,948/mt) ex-works Tuesday, up from Yuan 12,000-12,400/mt the previous week on higher bids, offers and done deals heard.

"Primary aluminum prices have rebounded, lifting export offers. The Chinese domestic offers are slow to react," said an east China-based analyst, who heard offers steady at Yuan 12,000-12,300/mt ex-works but agreed that the domestic ADC12 offers would rise.

An east China-based producer, however, has lifted his offers to Yuan 12,400/mt, up about Yuan 100/mt week on week, while an east China-based diecaster said he had bought a small tonnage from a trader at Yuan 12,600/mt last week.

Offers for Chinese domestic spot aluminum alloy ADC12 rose amid higher primary aluminum prices, but the fresh demand seen lately is expected to weaken as buying thins out towards the year-end, sources said Tuesday.

Platts lifted its weekly China domestic ADC12 assessment to Yuan 12,100-12,500/mt ($1,886-$1,948/mt) ex-works Tuesday, up from Yuan 12,000-12,400/mt the previous week on higher bids, offers and done deals heard.

"Primary aluminum prices have rebounded, lifting export offers. The Chinese domestic offers are slow to react," said an east China-based analyst, who heard offers steady at Yuan 12,000-12,300/mt ex-works but agreed that the domestic ADC12 offers would rise.

An east China-based producer, however, has lifted his offers to Yuan 12,400/mt, up about Yuan 100/mt week on week, while an east China-based diecaster said he had bought a small tonnage from a trader at Yuan 12,600/mt last week.

Source from : Platts

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