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...