Shanghai Metals Market
Secondary aluminium alloy industry enters off-season in advance, SMM reports
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<p>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.</p>
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<p>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.</p>
<p>Prices for ADC12 secondary aluminium alloy dropped nationwide, especially in Chongqing and Guangdong.</p>
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<p>Sluggish market forced some secondary aluminium alloy producers to conduct maintenance in April and May.</p>
<p>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.</p>
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