Aluminium alloy ADC 12 prices in China and Japan continued to trend down in the week to Wednesday January 13 on reduced production costs after the price of aluminium scrap - used as a raw material - weakened.
Fastmarkets assessed the price of aluminium ingot ADC12, exw dp China at 16,600-16,800 yuan ($2,567-2,598) per tonne on Wednesday, down 200-400 yuan per tonne from 16,800-17,200 yuan per tonne last week.Sources cited aluminium scrap prices at around 13,000 yuan per tonne on Tuesday, down...