Steel Guru
Japan aluminum alloy import hits record from China in 2011
Edited by : AL CIRCLE
1 min read
According to Ministry of Finance, Japanese alloyed aluminum import increased by 5% to 1.071 million tonnes in 2011 from 2010.
The import increased by 18% to 446,134 tonnes from China and the import hit the record under historical high yen rate. Japanese minor alloyed aluminum makers' order receipt apparently decreases under higher import.
Japanese trading firm source sees around 80% of imported alloyed aluminum is material for die casting. Japanese automotive parts makers are main user of the material and the makers would increase the material use more.
Japanese molten aluminum maker source sees the makers apparently increased Chinese alloyed aluminum in the past 2 years. The makers mainly use Russian base metal with AK5M2 grade but the base metal price increased in recent years. The price gap narrowed between Russian and Chinese material.
Ministry of Finance said that Chinese alloyed aluminum average price was JPY 191 per kilogram in 2011. The price is much lower than price of Japanese products.
The import increased by 18% to 446,134 tonnes from China and the import hit the record under historical high yen rate. Japanese minor alloyed aluminum makers' order receipt apparently decreases under higher import.
Japanese trading firm source sees around 80% of imported alloyed aluminum is material for die casting. Japanese automotive parts makers are main user of the material and the makers would increase the material use more.
Japanese molten aluminum maker source sees the makers apparently increased Chinese alloyed aluminum in the past 2 years. The makers mainly use Russian base metal with AK5M2 grade but the base metal price increased in recent years. The price gap narrowed between Russian and Chinese material.
Ministry of Finance said that Chinese alloyed aluminum average price was JPY 191 per kilogram in 2011. The price is much lower than price of Japanese products.
Previous article
Vedanta Resources updates aluminum production for Q3 2011
Next articleUC RUSAL may cut aluminum output in next 18 months
Grow with
AL Circle
_md.webp)
