Secondary aluminium alloy industry enters off-season in advance, SMM reports
The earlier-than-usual arrival of traditional off-season has taken a heavy toll on prices and capacity utilization rate in China’s secondary aluminium alloy industry, SMM learned.
Poor automobile consumption caused capacity utilization rate to fall 4.33 percentage points month-on-month and 7.54 percentage points year-on-year to 57.5% in secondary aluminium alloy industry, SMM survey found.
Prices for ADC12 secondary aluminium alloy dropped nationwide, especially in Chongqing and Guangdong.
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Sluggish market forced some secondary aluminium alloy producers to conduct maintenance in April and May.
Secondary aluminium alloy consumption is unlikely to improve until after September and its prices will not rise unless aluminium prices record big gains, SMM expects.
India aluminium scrap prices remain unchanged while MCX aluminium edges higher
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