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In China, many of the producers are preparing for Chinese New Year holidays (18th to 24th of February), and the operating rate is pretty low. Besides, some of the producers are scheduled to restart operation in March after taking longer holidays. On the other side of the coin, the price negotiation for March shipment was active in the second week of February even before the holidays. The offer price submitted by the producer is a bit higher, but Japanese shippers are taking a careful stance and seem not to buy a high-priced product.
In Japan, the demand from the aluminium industry is weak, which in turn leads to a downward pressure on prices, but the cheap products disappeared and the price strengthened the stability, and partly as a result of the buying movement by the customers which could not secure the spot goods having propped up the price, the current contract price remains unchanged from the end of January.
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- [Editor:tianxiao]
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