Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Aluminium import prices in Asia for Taint/Tabor, old cast rose on sustained demand from the secondary manufacturers. As the prices of primary aluminium metal increased last week, the manufacturers of LM6 alloys preferred to buy Taint/Tabor, pushing the prices up. 


Indian manufacturers completed the remaining ADC 12 export orders to China but mentioned that very few new orders are getting booked as business is yet to pick up after the Golden week holidays in China from Oct 1-8. Those who are supplying auto alloys to China and Japan said they preferred the international market over domestic because of ease of payment — there is a long waiting period in the domestic market.


The official three-month aluminium contract settled at $1,839.5/mt on Oct 15, up by $37.5/mt from $1,802/mt on October 8. 


The weekly Davis Index for Taint/Tabor settled $1,280/mt cfr India port, up by $92/mt. The Index for Tense settled at $1,248/mt up by $47/mt from $1,201/mt cfr India port on October 9.  


Sale of secondary aluminium ingots to China is currently subdued after the holiday week. The weekly Davis Index for ADC 12 cfr China settled at $1,850/mt, up by $120/mt from $1,730/mt. The manufacturers in Vietnam shared that Chinese buyers are offering $1,950/mt for ADC 12 ingots. 


The weekly Davis Index for ADC 12 cfr Japan settled at $1,860/mt, up by $47/mt from $1,797/mt. Davis Index heard trades at $1,920 level for ADC 12 cfr Japan from China, but not all manufacturers from other Southeast Asian countries confirmed trades at these levels. Davis Index heard Japanese offers at $1,800/mt cfr Japan port from India. 


Leave a Reply

Your email address will not be published.