LATEST MARKET INFORMATION
13 December 24
Copper prices are likely to rise but difficult to fall in the future, and the volatility of aluminum prices may not be as high as that of copper.
The global increase in copper concentrate mainly comes from expansion projects. In the coming years, the global increase in copper mines will decrease year by year, and the shortage cycle of copper concentrate may enter a cold winter period for global smelters.
19 November 24
Recently, the Ministry of Ecology and Environment, the General Administration of Customs and other six departments issued the Announcement on Regulating the Import Administration of recycled Copper and Copper alloy Raw Materials, recycled Aluminum and Aluminum alloy Raw Materials. The recycled copper and aluminum raw materials that meet the requirements of the attached table do not belong to solid waste and can be imported freely. Different kinds of recycled copper and aluminum raw materials are not allowed to be mixed, and different types of recycled copper and aluminum raw materials are not allowed under the same customs declaration form; different types of bulk recycled copper and aluminum raw materials are not allowed. When different categories of recycled copper and aluminum raw materials are independently packaged, they can be mixed, but they should be placed in categories. This announcement will come into effect on November 15,2024.
01 August 24
The ADC12 aluminum alloy market experienced a challenging month, with overall performance trending downwards. Beginning the month on a higher note, the market has seen a gradual decline in prices as of July 30st. This downward fluctuation is attributed to a combination of sluggish downstream demand and primarily on-demand procurement practices. While traditional procurement has been subdued, there has been a notable increase in speculative buying activity.
Current inventory levels of ADC12 are generally low, and many suppliers are operating at a loss. Despite these conditions, there is a strong inclination among sellers to maintain higher price points. Given these factors, it is anticipated that the market prices for ADC12 will likely remain stable in the near term.
