April 2 SMM aluminum alloy ADC12 price

Published: Apr 2, 2020 12:27

Save

SMM April 2: SMM aluminum alloy ADC12 price

12800-13100

ADC12 Price Daily Review:

[poor order ADC12 and original aluminum price difference slowly repaired] the price of A00 aluminum fell 220 yuan / ton today, only 100 yuan / ton from the recent low price. In the aspect of waste aluminum, due to the reversal of the wind direction of aluminum price and the general bearish price of recycled aluminum enterprises in April, recycled aluminum enterprises are now in the buyer-seller game stage. Recycled aluminum enterprises are more inclined to purchase high zinc, high iron and other high performance-to-price ratio waste aluminum and A00 aluminum mixed hedging costs. On the demand side, in April, affected by the overseas epidemic, foreign-related orders shrank sharply, coupled with bearish future, some recycled aluminum enterprises appeared to grab orders. Today, the cash quotation of large recycled aluminum enterprises fell to 13100 yuan / ton, and the center of gravity of cash quotation for small and medium-sized enterprises moved slightly down to 12800 million yuan / ton. Due to poor demand, there is still room for price decline. The current price gap between ADC12 and raw aluminum has expanded again. Jiangxi and other recycled aluminum enterprises have also begun to consider the use of A00 aluminum hedging costs. In terms of imported aluminum alloy ingots, the overseas quotation rate is relatively small at present. The price of ADC12 CIF in Ningbo is maintained at US $1450 to US $1550 / ton. At present, there is no willingness to import at home. Considering the significant increase in the price of waste aluminum, the price of SMM ADC12 fell 150 yuan / ton to 13,700 yuan / ton today.

Quotation noon message

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 to learn 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

1 hour ago

February Primary Aluminum Billet Operating Rates Hit a Nearly Four-Year Low [SMM Analysis]

[SMM Analysis: February Operating Rate of Primary Aluminum Billets Hit a Nearly Four-Year Low, Expected to Recover to Peak-Season Levels Seen in the Same Period in Previous Years in March] According to SMM statistics, the operating rate of aluminum billets in February fell sharply by 9.2 percentage points MoM to 41.4%, down 7.7 percentage points YoY. After aluminum prices surged to a record high at the end of January, they saw a sharp correction ....

1 hour ago

6 hours ago

Middle East Conflict and Trade Barriers Halt Aluminum Plate, Sheet, Strip, and Foil Exports

Among them, the Gulf region was an important consumer market for China in the Middle East: China’s exports of aluminum plate/sheet and strip to Saudi Arabia reached 42,500 mt, and aluminum foil 58,000 mt; exports of aluminum plate/sheet and strip to the UAE reached 103,500 mt, and aluminum foil 93,800 mt; the other four countries (Bahrain, Qatar, Kuwait, and Oman) accounted for combined exports of about 22,000 mt of aluminum plate/sheet and strip and about 11,000 mt of aluminum foil.

6 hours ago

8 hours ago

US Inflation Rises 0.3% in February, Matching Expectations; Fed Rate Cut Timing Unclear Amid Iran Oil Crisis

The latest US inflation data has been released, showing that seasonally adjusted CPI in February rose 0.3% MoM and was up 2.4% YoY; core CPI increased 0.2% MoM and rose 2.5% YoY, with all figures in line with market expectations. However, the prevailing market view is that the February data has not yet reflected the impact of the sharp rise in oil prices caused by the situation in Iran. Therefore, further data is still needed to support judgment on when the US Fed will cut interest rates again.

8 hours ago