Daily Review of waste Aluminum Price on April 3, 2020

Aluminum prices rose 290 yuan / ton today to repair yesterday's decline in aluminum prices, but the price increase is due to the rise in crude oil prices led to the overall price benchmark of colored items moved up, the persistence is still uncertain. In addition, recycled aluminum enterprises are generally bearish on the April market, waste aluminum holders' willingness to ship is still relatively low, due to rising aluminum prices, the two sides in the game intensified. With regard to the import of waste aluminum, due to the expansion of the impact of the overseas epidemic, there are still almost no transactions. At present, the liquidity of waste aluminum is still poor, while considering that the overseas epidemic is still not under control, the supply of waste aluminum is expected to remain relatively tight in April.

(Shanghai Nonferrous Network Yi Liang)