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[SMM scrap Aluminium column] Aluminium prices fall synchronously with the simultaneous decline in the import of aluminum alloy ingots at the end of May may increase greatly.
May 13,2020 13:43CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Daily Review of waste Aluminum Price

Today, the price of aluminum fell 270 yuan / ton, and the price of all kinds of waste aluminum fell about 100 yuan / ton at the same time. The author believes that at present, the waste aluminum and recycled aluminum market should pay attention to the import of all kinds of recycled aluminum alloy ingots. Before the overseas epidemic situation is effectively controlled, the global demand for aluminum alloy ingots is being imported to China. According to the current number of overseas aluminum alloy ingots ordered, the import of aluminum alloy ingots will increase greatly by the end of May, and the import of aluminum alloy ingots may exceed 100000 tons in June. The huge import volume will directly exert pressure on the recycled casting alloy industry and directly seize its market share.

Price quotation of SMM aluminum alloy ADC12 on May 13th

Mainstream recycled aluminum enterprises due to the early rise in aluminum prices did not adjust prices, aluminum prices fell back today more wait-and-see attitude. Domestic prices, the mainstream large-scale recycled aluminum enterprises offer stable, concentrated at 13200-13300 yuan / ton, cost pressure so that most recycled aluminum enterprises take a wait-and-see attitude towards the sharp drop in aluminum prices. The quotation of imported waste aluminum enterprises is still maintained at less than 13000 yuan / ton, but the price has not been adjusted. For small and medium-sized plants, the price of a recycled aluminum plant in Jiangxi fell by 100 yuan / ton to 13000 yuan / ton, while the transaction price of domestic small and medium-sized plants fell by 100 yuan / ton to 12900 yuan / ton. In terms of imports, import ADC12 offers are still active, and it is expected that the import window will continue to exist before a significant improvement in overseas demand, and the data on imports of aluminum alloy ingots in June will be large, or more than 100000 tons.

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

Note: the import ADC12 price is the CIF price of Ningbo Port (no tariff agreement country).

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