CHINA ALUMINIUM INGOT ADC 12 SNAPSHOT: Export price pressured by LME weakness; domestic market firm

Key data from Fastmarkets’ pricing session in China on Wednesday February 3.



Key drivers

Aluminium prices on the London Metal Exchange drifted lower this past week, pressuring China’s aluminum alloy ADC 12's export price; the LME three-month daily official aluminium price was at $1,972 per tonne on Wednesday, down by 1.6% from $2,003.50 per tonne a week earlier. Buyers in Japan adopted a wait-and-see stance amid expectations the alloy’s price would fall in line...

Published

Hui Li

February 04, 2021

03:22 GMT

Shanghai