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[SMM scrap Aluminium column] inventory prices continue to rise, the game between buyers and sellers in the scrap aluminum market intensifies.
Apr 16,2020 15:51CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Daily Review of waste Aluminum Price

Aluminum prices continued to rise today, continuing to rise 90 yuan / ton to 11910 yuan / ton. Affected by the rise in aluminum prices, waste aluminum holders are almost impossible to reduce the price of sales, selling prices are still strong. On the other hand, recycled aluminum enterprises remain weak because of domestic and foreign demand, especially after entering April, export orders have dropped significantly, resulting in high raw material stocks of enterprises with relatively large export orders (export is processing trade, using imported waste aluminum). Under this suppression, the ADC12 price in the whole recycled aluminum market is weak, it is difficult to keep up with the rising aluminum price, and the ADC12 price is maintained. Therefore, recycled aluminum enterprises waste aluminum to buy price to maintain, and did not follow the rise, buyers and sellers of the game intensified.

April 15 SMM aluminum alloy ADC12 price

The main pressure of current demand comes from the fault of overseas demand, because almost all domestic exports use imported waste aluminum to export in the form of processing trade, and exports decline significantly after entering April. as a result, enterprises with large export orders were forced to rush for orders at low prices to reduce inventory pressure, to a certain extent, domestic ADC12 prices were under pressure. Specifically, large domestic recycled aluminum enterprises remain stable, costs and sales pressure make it difficult for most recycled aluminum enterprises using domestic raw materials to keep up, maintaining a cash transaction range of 12900 yuan / ton. A small number of low-price transactions mainly come from the use of imported waste aluminum enterprises. Small and medium-sized enterprises, the same price held stable, the overall cash transaction price range maintained at 12600 yuan / ton. At present, due to the relatively weak demand at home and abroad, the price of recycled aluminum ADC12 is under pressure, and the rising aluminum price has basically completely eroded the price gap between ADC12 and A00 aluminum. At present, the price difference between ADC12 and A00 aluminum has dropped to less than 1200 yuan / ton. The enthusiasm of recycled aluminum enterprises to purchase raw aluminum will be greatly reduced. It is expected that the short-term recycled aluminum ADC12 price will continue to fall relatively small, under both supply and demand, in order to maintain the current price. On the one hand, the follow-up price is the influence of aluminum price change, on the other hand, it is the influence of new to low price waste aluminum.

Distribution Map of Price difference between ADC12 and A00 Aluminum from 2015 to 2020

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

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