China's secondary aluminum prices hover high

Chinese prices of secondary aluminum products generally strengthened during the past week, as the rise in aluminum scrap prices provided strong cost support for secondary prices, Mysteel Global noted.

As of February 12, the price of ADC12 aluminum alloy ingot in Foshan in South China's Guangdong province had gained Yuan 100/tonne ($13.7/t) on week to reach Yuan 20,800/t, a new high since May 2022, according to Mysteel's assessment. By the same day, the price of 6063 secondary aluminum billet