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[Al] Summary of Scrap Aluminum Market
Dec 7, 2009 13:16Source:SMM
SHANGHAI, Dec. 26 (CBI China) -- This week the scrap aluminum prices rose along with the refined aluminum prices due to limited resources. Most of scrap aluminum importers suspended imports. In this context, the scrap aluminum imports in November were 143 kt, down 31.32% YoY, down 26.70% MoM. Domestic recycling market sentiment was weak due to poor sales.
According to CBI, in Shandong region, the two large-scale renewable aluminum producers with the whole production capacity of 250 kt/ yr are idled now. In Southwest region, the average operating rates of the three large-scale renewable aluminum producers with the whole capacity of about 200 kt/ yr are less than 30% now. In other regions, the operating rates of renewable aluminum producers are less than 50%, and may suspend in early January.
In a word, the current flow of scrap aluminum slows down and scrap aluminum market sentiment is weak.
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