CHINA ALUMINIUM INGOT ADC 12 SNAPSHOT: MJP export price declines amid weak demand; domestic price edges up

Key data from the Wednesday January 23 pricing session in Asia.

Key driversWeak seasonal demand in Japan pressured export prices for aluminium ADC 12 alloy into main Japanese ports (MJP). The recent depreciation of the Japanese yen against the dollar dampened buying interest from Japanese participants. Japanese companies have begun destocking in anticipation of their fiscal year end in March....