SMM

SHANGHAI, Apr 24 (SMM) - The average operating rate of large secondary aluminium alloy enterprises was stable at 50.1% last week. Rising aluminium scrap prices drove up secondary aluminium alloy prices. Sluggish end consumption, such as automobiles, led to thin transactions in the secondary aluminium alloy market. Large secondary aluminium alloy plants maintained stable production on the back of sufficient orders, while small and medium-sized ones slashed their output due to falling orders, high costs and shrinking profits amid intensified market competition. In the short term, the overall operating rates are expected to be basically flat or fall.