China aluminium alloy ADC12 export price recovers on scrap tightness

China's aluminium alloy ADC12 export price to Japan rebounded on Wednesday April 22 after six straight weeks of decline, with producers citing tightening scrap feedstock supply.

Fastmarkets assessed the aluminium ingot ADC 12 spot (MJP), cfr Japan price at $1,390-1,400 per tonne on Wednesday, up from $1,370-1,380 per tonne a week earlier.
The price had been steadily falling since mid-February, dropping by 12.5% from $1,580-1,610 per tonne on February 19 due to contracted demand from car companies that were gradually closing due to restrictions imposed to contain the Covid-19 virus outbreak.

But while demand for ADC 12 was falling, the escalating Covid-19 virus spread in ex-China regions and lockdown policies in many countries also...

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