Weak auto demand, rising scrap costs weigh on Asian ADC 12 markets: 2024 Preview

Aluminium alloys market participants in China and Japan are holding on to the hope that profit margins will improve in the later half of 2024, but weak downstream demand and mounting scrap costs are clouding the outlook for the year ahead, Fastmarkets understands.

Rising raw materials costs and weak demand in the automotive and real estate sectors through 2023, squeezed profit margins and made it a tough year for producers of the ADC12...

Published

Carman Chew

January 12, 2024

13:45 GMT

Singapore