China's secondary aluminum billet prices seen softening post CNY

Chinese prices for secondary aluminum billet are expected to weaken overall in coming weeks as the market is impacted by ample supplies of the semis, Mysteel's latest survey showed.

The price of 6063 secondary aluminum billet with 0.2-0.25% grade of Fe content in Foshan in South China's Guangdong was assessed by Mysteel at Yuan 20,400/tonne ($2,782/t) including the 13% VAT and delivery to plants on January 15, hovering around the lowest level since early October last year. Most aluminum