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[SMM waste Aluminium column] overseas epidemic situation is slow to see inflection Point expected to follow up the import of waste aluminum or impact on domestic prices
Apr 14,2020 15:43CST
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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 20 yuan / ton to 11810 yuan / ton. The current rising trend of aluminum price deviates from the downstream demand of recycled aluminum ADC12. At the same time, due to the suppression of high-priced waste aluminum inventory before the Spring Festival, there is a huge difference in the quotation of waste aluminum market, and the waste aluminum market remains light. After the announcement of Q2 imported waste aluminum, the current price of imported waste aluminum is between 850 US dollars / ton, which still has a price advantage over domestic waste aluminum, and the first batch of Q2 imported waste aluminum has reached 191000 tons. Under the background that the impact of overseas epidemic situation has not yet appeared, it is expected that the subsequent import of waste aluminum will gradually increase the price impact on China.

April 14 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

Recently, due to the delayed inflection point of the overseas epidemic, the price of ADC12 exported to Japan has fallen below US $1300 / ton, and no one is interested in the current offer of US $1300 / ton. At the same time, the release of Q2 waste aluminum approval document makes the processing trade export ADC12 orders account for a relatively large number of enterprises, raw material inventory backlog, weak orders, so recently its domestic low-price order strategy. Specifically, the cash offer of large recycled aluminum enterprises is mainly 13000 yuan / ton, and a small number of extreme prices are lower than before, falling to 12700 yuan / ton. The low price mainly comes from Guangdong. Small and medium-sized enterprises, cash quotation to maintain 12650 yuan / ton, a small number of extreme transaction prices as low as 12600 yuan / ton. Recently, aluminum prices have picked up slightly, which makes the cost of recycled aluminum enterprises run counter to the price of finished products, and the willingness to reduce prices in the overall market price is relatively low. However, the dismal export has made enterprises with relatively large export orders turn their attention to the mainland. The current low prices in the mainstream market mainly come from Guangdong.

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Waste aluminum
recycled aluminum

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