Chinese ADC12 alloy prices flat; Japan lifts state of emergency

摘要

Chinese ADC12 alloy continues to see subdued demand from Japan keeping market prices largely rangebound, according to market participants. S&P Global Platts assessed the weekly Chinese ADC12 export price flat at $1,400- $1,430/mt FOB China on Tuesday The tight scrap narrative continued to be a bane for producers, who lamented the higher cost of production. This has also supported ADC12 prices at a time when demand has been weak. The Japanese government lifted Monday the state of emergency in the country for the five remaining prefectures as the virus was deemed to be under control.