CHINA ALUMINIUM INGOT ADC 12 SNAPSHOT: MJP export price slips on cheaper scrap; weak demand pressures domestic China price

摘要

Key data from the Wednesday November 28 pricing session in Asia. - Buyers lowered their purchasing prices after the price of scrap - the raw material of ADC12 - went down in the United States.- Japanese buyers also held off from purchasing capacity this week due to the falling price and expect it to drop further, which added more pressure to the price.- Sellers lowered their offer prices to attract orders while competition in the export market became more severe.- The domestic Chinese market price also went down on cheaper scrap prices and weak demand resulting from a disappointing performance in the Chinese vehicle sector.