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[SMM scrap Aluminium column] Aluminum prices soared and the market fell back into wait-and-see sentiment. The price of scrap aluminum rose by about 100 yuan per ton.
Apr 29,2020 13:22CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Daily Review of waste Aluminum Price

As the price of aluminum rose 200 yuan / ton, almost all of the market fell into a wait-and-see state today. In contrast, some of the previous two days due to inventory pressure and losses narrowed, the willingness to ship has improved, today's surge in aluminum prices so that almost all of the holders into a state of cherishing the sale. Heard of Shandong area demolition profile old material quotation 10200 × 10400 yuan / ton, bright aluminum line quotation more than 10400 yuan / ton.

April 29 SMM aluminum alloy ADC12 price

Today, aluminum prices rose 200 yuan / ton to 12790 yuan / ton, the current aluminum price has exceeded the average full cost of the electrolytic aluminum industry, most electrolytic aluminum enterprises are in a profitable state. Demand in the recycled aluminum industry is still weak, but due to rising aluminum prices continue to drive up the price of waste aluminum, near-recycled aluminum enterprises due to cost pressure quoted up 50% 100 yuan / ton, there are still about half of the recycled aluminum enterprises due to poor orders to maintain the price unchanged. Raw materials, the previous two days of waste aluminum transaction activity has increased, today's sharp rise in aluminum prices make the market once again into a wait-and-see state, the overall waste aluminum quotation continues to rise about 100 yuan / ton. Specific prices, the domestic mainstream large enterprises quoted 13150 yuan / ton, low prices are still concentrated in the use of imported waste aluminum enterprises, the low price part is still maintained at less than 12800 yuan / ton, and there is no willingness to raise prices today. Small and medium-sized enterprises, as a result of Jiangxi a recycled aluminum enterprise quotation rose 100 yuan / ton, the overall offer rose 100 yuan / ton, the current price 13000 13200 yuan / ton, the transaction price still takes time to rise. Under the background of weak demand, due to the rising cost of aluminum, the price of recycled aluminum ADC12 rose passively, relatively speaking, the price gap between ADC12 and A00 aluminum is still narrowing.

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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Waste aluminum
recycled aluminum

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