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Japan ADC12 aluminum alloy imports soar ahead of Q2 buy tenders
Edited by : AL CIRCLE
1 min read
The volume of spot ADC12 aluminum alloy imports into Japan has soared in the past week ahead of the April-June quarter purchase tenders by automakers and other consumers at the end of the month, local market sources said Tuesday.
Four Japanese traders reported deals for over 5,000 mt of ADC12 alloy combined in the past week, to be shipped to Japan over April-May mainly from south China ports.
One vehicle manufacturer source in west Japan, who has sourced 4,000-6,000 mt of ADC12 for March-April deliveries last week, said an increasing number of Japanese buyers share the outlook that metal prices will rise in May-June.
"I wanted to book my requirement as soon as possible, because we are alarmed by the possible spike in prices in May-June, because LME aluminum prices are expected to be bullish and that will affect the high-grade scrap aluminum prices that move along with the LME. More people share this feeling that if you delay your purchase, you will lose money," the source said.
Four Japanese traders reported deals for over 5,000 mt of ADC12 alloy combined in the past week, to be shipped to Japan over April-May mainly from south China ports.
One vehicle manufacturer source in west Japan, who has sourced 4,000-6,000 mt of ADC12 for March-April deliveries last week, said an increasing number of Japanese buyers share the outlook that metal prices will rise in May-June.
"I wanted to book my requirement as soon as possible, because we are alarmed by the possible spike in prices in May-June, because LME aluminum prices are expected to be bullish and that will affect the high-grade scrap aluminum prices that move along with the LME. More people share this feeling that if you delay your purchase, you will lose money," the source said.
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