[SMM waste Aluminium column] Aluminium Price stable waste Aluminum Price synchronous maintenance attention to the New Standard for Import of waste Aluminum in July

Published: May 14, 2020 14:11

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Daily Review of waste Aluminum Price

Aluminum prices rose slightly by 20 yuan per ton today, and the prices of all kinds of waste aluminum were maintained at the same time. Recently, the market has paid more attention to the new standard for the import of waste aluminum in July, and the market has circulated that the import of waste aluminum no longer needs approval after July, but this statement has not found a reliable source or official confirmation, which is still unknown. It should be noted that once the import approval is cancelled, the current hot market for imported aluminum alloy ingots will quickly change into the import of waste aluminum.

May 14 SMM aluminum alloy ADC12 price

The quotation of mainstream recycled aluminum enterprises is stable. Domestic prices, the mainstream large recycled aluminum enterprises quoted stable, concentrated in 13200 13300 yuan / ton. The quotation of imported waste aluminum enterprises is still maintained at less than 13000 yuan / ton, but the price has not been adjusted. In terms of small and medium-sized plants, the quotation of a recycled aluminum factory in Jiangxi is maintained at 13000 yuan / ton, and the transaction price of domestic small and medium-sized factories is between 12900 yuan / ton and 13000 yuan / ton. Import goods, import ADC12 offer is still active, and because the current overseas demand is nearly no, overseas aluminum alloy ingot manufacturers are interested in exporting to China, at the same time due to domestic enquiries and transactions increase, overseas quotation gradually higher, import Ningbo ADC12CIF (agreement non-customs country) quotation has generally risen to more than 1500 US dollars / ton, some of the quotations are even close to 1600 US dollars / ton.

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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Waste aluminum recycled aluminum price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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