CHINA ALUMINIUM INGOT ADC 12 SNAPSHOT: Soaring Al futures provide support; supply remains tight

Key data from Fastmarkets’ pricing session in China on Wednesday December 2.

Key drivers

Aluminium scrap prices have increased amid tightening supply after many cargoes were delayed to a shortage of containers in Asia. Scrap sellers held back from selling material on hand, expecting higher prices in the near term, which exacerbated the tight supply of aluminium scrap in the market. Strong gains in aluminium prices on...


Hui Li

December 03, 2020

02:58 GMT