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[SMM waste Aluminum column] the domestic waste aluminum market continues to maintain weak demand for recycled aluminum, which is easy to fall but difficult to rise.
Apr 13,2020 16:15CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Daily Review of waste Aluminum Price

Today, aluminum prices continued last week's rally, continuing to rise 60 yuan / ton to 11790 yuan / ton. The waste aluminum market is still in short supply, holders remain willing to sell, waste aluminum prices remain stable, and transactions are rare. Buyers, due to poor orders, recycled aluminum ADC12 transaction prices continue to fall, at present, more and more small and medium-sized recycled aluminum plants due to lack of materials to reduce production. Import waste aluminum, Q2 import waste aluminum approval document has begun to issue, the fifth batch of import waste aluminum approval document about 200000 tons, did not hinder the import of waste aluminum. At the same time, due to the greater impact of overseas downstream and terminals, the actual supply of waste aluminum tends to be surplus, the price falls to less than US $1000 / ton, and some unsealed areas of waste aluminum will begin to flow to China. On the whole, due to the rise in aluminum prices in the short term, waste aluminum holders continue to cherish the sale, the market is still light, there are few transactions.

April 13 SMM aluminum alloy ADC12 price

Note: ADC12 (waste aluminum)-High quality and environmentally friendly ADC12 aluminum alloy ingots produced entirely from waste aluminum

ADC12 (Raw Aluminium)-High quality and environmentally friendly ADC12 Aluminium Alloy Ingot produced entirely from Raw Aluminium

Note: the left axis is the absolute price and the right axis is ADC12 to A00 aluminum processing fee

Recycled aluminum due to poor downstream demand, almost no follow-up, only a small number of enterprises due to high waste aluminum prices have a small willingness to raise prices, the overall transaction price continues to fall. Specifically, the cash quotation of large recycled aluminum enterprises has been reduced to 13000 yuan / ton, and a small number of extreme prices can be as low as 12900 yuan / ton. For small and medium-sized enterprises, the cash offer was reduced to 12700 yuan / ton, and a small number of extreme transaction prices were as low as 12600 yuan / ton. On the export side, due to weak overseas waste aluminum prices and poor demand, export ADC12 prices continued to fall, with quotations falling to US $1300 / ton and a low of US $1300 / ton. At present, due to the short-term small rebound of aluminum prices in China, waste aluminum holders continue to maintain the selling sentiment, while weak demand makes recycled aluminum prices continue to weaken, which makes the game between buyers and sellers in the waste aluminum market intensified. Some small and medium-sized recycled aluminum has been cut down. However, the publication of Q2 import waste aluminum approval document makes the subsequent low-price import of waste aluminum gradually increase, which may improve the domestic shortage of waste aluminum.

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Waste aluminum
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