Al Alloy Bar Market Price Stays Low in Nagoya

Market price of aluminium alloy bar maintains flat at around 710 yen per kilogram for 17S grade, 1,040 yen per kg for 24S grade and 670 yen per kg for 56S grade in Nagoya. Distributors’ shipment stays stagnant with low demand. The shipment didn’t recover though the market price of primary aluminium and fabricated products decreased.

Meanwhile, orders are partially emerging from large-lot consumers such as automotive parts manufacturers. Market participants suppose both quarterly primary aluminium price and the demand for aluminium alloy are hitting the bottom.

The demand recovery is still weak. Distributors expect the orders could increase in and after summer. The market price and the demand are likely to sustain the present level for a while.