Secondary Aluminium Drops in Price, with Weak Orders

Published: Nov 7, 2017 08:29

Save

Secondary aluminium enterprises are willing to reduce price.

SHANGHAI, Nov.7 (SMM)－Due to poor consumption during “Golden September and Silver October” and no obvious orders increase in early November, as well as continuous drop of aluminium price, secondary aluminium enterprises are willing to reduce price. Thereinto, Guangdong ADC12 aluminium alloy ingot has the most drop amount. It is learned spot high-end ADC12 product offers at 16,000 yuan per tonne in the market.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

secondary aluminium aluminium

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 hours ago

Raw material strength supports rising costs while supply pressure accumulates [SMM Prebaked Anode Weekly Review]

13 hours ago

Aluminum Fluoride Prices Rise on Cost Support; Premium for High-Grade Supply Widens [SMM Fluoride Salt Weekly Review]

13 hours ago

ADC12 Consolidates on a Strong Note as Costs Rise and Orders See Marginal Improvement [Aluminum Scrap and Secondary Aluminum Weekly Review]

[Aluminum Scrap and Secondary Aluminum Weekly Review: ADC12 Consolidates on a Strong Note amid Rising Costs and Marginal Order Improvement] In terms of price spreads, on September 10, the price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan was about 2,436 yuan/mt, and the price difference between A00 aluminum and shredded aluminum tense scrap was about 1,415 yuan/mt, both widening slightly again WoW. On the supply side, the tight raw material supply pattern remained unchanged, and the scarcity of compliant, invoiced aluminum scrap continued to rise, constraining scrap utilization enterprises' operations and procurement. Against this backdrop, some aluminum scrap yards...

13 hours ago