Tokyo—Japanese trading houses are diversifying theirnsources of ADC12 aluminum alloy supply on the back ofnrising prices in China. Most Japanese diecasters arensourcing their metal from domestic smelters as local pricesnare $200/mt lower than the Chinese imports.nThere is a rising concern that domestic prices, however,nmay not stay low as scrap feedstock costs are rising. Buyersnin Japan have taken note of recent price increases in the USnsecondary aluminum market due to tightening scrap supplynin the States. The Platts A380 price was 67-70￠/lb,ndelivered Midwest, as of April 23.
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