Daily Review of waste Aluminum Price

Due to the online transmission of Gansu storage news, aluminum prices remained relatively strong, aluminum prices rose 80 yuan / ton to 12590 yuan / ton today. There was no significant change in the waste aluminum market compared with yesterday, with holders still offering high prices for sale, following an increase in the willingness of recyclers to ship scrap aluminium hoarding A00 aluminium.

April 28 SMM aluminum alloy ADC12 price

Demand in the recycled aluminum industry is still weak. Under greater order pressure, quotations from all sides continue to hold steady, with a very small number of low-priced enterprises quoting up 50 yuan per ton. Raw materials, due to the current strong demand for aluminum bars, cooked aluminum scrap aluminum prices continue to rise, part of the loss price has exceeded the A00 aluminum price, cooked aluminum prices are still on the high side, and raw aluminum prices are also rising because of less supply. As a result, the supply and demand sides of recycled aluminum enterprises are under pressure, and the price of finished products is passively stable. Specific prices, the domestic mainstream large enterprises quoted 13100 yuan 13200 yuan / ton, low prices are still concentrated in the use of imported waste aluminum enterprises, heard that the ultra-low price 12550 yuan / ton transaction, may be for export to domestic sales. As for small and medium-sized enterprises, due to the recent strong quotation of a recycled aluminum enterprise in Jiangxi, the overall quotation is relatively strong, the current price is 12900 yuan 13100 yuan / ton, and the low price supply of 12900 yuan / ton has been reduced. Some enterprises feedback due to the rise in waste aluminum prices, ADC12 costs climbed to around 13000 yuan / ton. Import aluminum alloy ingots, the current mainstream source of goods for Indonesia, its Ningbo port self-raised price of 12400 yuan / ton. Domestic waste aluminum market circulation supply and recycled aluminum downstream weak contradiction is still sharp, the recent rise in aluminum prices has intensified the willingness to reduce production and stop production in the recycled aluminum industry, as far as we know, the May Day holiday time of recycled aluminum enterprises is significantly higher than in previous years.

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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