July sees drop of up to $70/tonne in secondary aluminium alloy prices in Japan
Secondary aluminium alloy manufacturers and consumers have concluded their negotiations and agreed on contract prices for July 2023. The settlement prices for this month are JPY 2,000-10,000/t ($14-70/t) lower compared to the prices in June. This marks the sixth consecutive month of declining prices.
The manufacturers of secondary alloy are facing challenges due to weak domestic demand and the availability of cheaper imports from China. Consequently, they have been compelled to reduce their prices to stay competitive.
Arcmetal, a reputable distributor of non-ferrous metals in Japan, has recently launched the sale of ADC12 aluminium plates obtained from MKN aluminium slabs. The primary objective of Arcmetal is to fulfill the growing demand for die-cast products.
The company aims to effectively and promptly meet the market requirements by offering high-quality AT plates, particularly in the automotive and electronics industries where ADC12 finds extensive applications.
Received under the content exchange agreement with SteelMint
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