In the last week of xxxx, Aluminium Alloy Ingot prices witnessed a positive price movement in China and the USA, reversing its previous trends. Throughout the week, the aluminum scrap market experienced consistent trading activity. The price gap between the primary metal and scrap remained relatively stable, showing only minor fluctuations within a limited bandwidth.
Aluminium Alloy Ingot prices in China increased by x.xx in the week ending December xx. This uptick was primarily driven by tight raw material supplies, which were passed on to consumers. Limited aluminum scrap availability further supported higher prices. In China, pre-holiday restocking by downstream sectors has yet to commence. Supply-side disruptions, stemming from material shortages and stringent environmental regulations, have compelled secondary aluminium plants in Sichuan, Chongqing, and other regions to reduce operating rates. This has resulted in a further decline in Aluminium Alloy Ingot inventories.
At present, China...
