Latest Market Information
Because magnesium ingot prices increased sharply over the past several days,
some exporters refused to carry out some signed contracts and more buyers had no
choice but to place order in the spot market actively in the recent days.
Prevailing Chinese magnesium ingot export prices have been increased.
Insiders forecast mainstream Chinese magnesium ingot export prices would increase further in the
forthcoming days supported by strong intention to move up quotations from Chinese suppliers.
In the past week, the price of secondary aluminum alloy ingot kept rising and downstream consumers began to wait and see the market.
This Wednesday, mainstream prices for Chinese aluminum alloy ingot ADC12 were stable.
Insiders reckoned that prices for Chinese aluminum alloy ingot ADC12 would increase in the coming week
due to the short supply of cast aluminum scrap at present and continuous increase in the price of silicon metal.
At present, Japan's demand for secondary aluminum alloy ingot is weak an consumers give priority to
purchasing the low-priced secondary aluminum alloy ingot from Southeast Asia, waiting Chinese market.
Insiders said that, at present, Chinese secondary aluminum exporters mainly sell to domestic customers
and have less interest in exporting, so Chinese aluminum alloy in export market is
quiet and export prices for Chinese aluminum alloy ingot ADC12 would keep stable in the comin.
Manganese Ore – Manganese Flake
Most producers lifted their prices further this week due to the bullish market outlook, but most clients preferred to watch the market.
Given that most producers have intention to lift their prices further, insiders expect that the prices
of Chinese manganese flake 99.7%min would go up further in the following week.
In view of weakening demand, Chinese copper scrap market movements slowed down and prices showed a softening trend from early this week.
Prevailing Chinese copper scrap wire 99.9%min prices decreased from early this week.
Insiders are of the opinion that mainstream Chinese copper scrap prices would edge
down further restricted by limited buying activities in the forthcoming days.
Encouraged by increasing prices from producers, exporters had to lift the prices accordingly.
As producers might lift the prices further, insiders expect that the export prices of Chinese silicon metal would increase in the coming week.
The export prices of Chinese silicon metal would increase in the forthcoming week.