Daily Review of waste Aluminum Price
Today, aluminum prices soared 230 yuan / ton, cooked aluminum scrap aluminum rose 100 yuan / ton at the same time with aluminum prices. According to yesterday's transaction feedback, raw aluminum prices appeared yesterday-50 million won 150 yuan / ton, the price reduction in the northern region is more significant. SMM believes that the reason is that on the one hand, the recent high aluminum price is contrary to the poor demand for recycled aluminum, and the downstream demand is weak, on the other hand, the holder inventory loss has narrowed or even floating under the high aluminum price, and the willingness to ship is higher. In addition, the large number of aluminum alloy ingots imported from the end of May to June, coupled with the recent market spread that the approval system may be cancelled after the implementation of the new standard for waste aluminum in July, there may be a possibility of a substantial increase in the quantity of imported waste aluminum in the future, and the market is not optimistic about the follow-up.
May 15 SMM aluminum alloy ADC12 price
The quotation of mainstream recycled aluminum enterprises is stable. On the one hand, the reason is that delivery is approaching today, and there is a strong wait-and-see mood in recycled aluminum companies on Friday. Second, the market feedback yesterday that raw aluminum prices generally fell by 50,150 yuan / ton, and the cost of recycled aluminum enterprises fell. Domestic prices, the mainstream large recycled aluminum enterprises quoted stable, concentrated in 13200 13300 yuan / ton. The quotation of enterprises using imported waste aluminum is still below 13000 yuan / ton, but the price has not been adjusted either. In terms of small and medium-sized plants, the quotation of a recycled aluminum plant in Jiangxi Province has been raised by 100 yuan / ton to 13100 yuan / ton, and the transaction price of domestic small and medium-sized factories is expected to rise to 13000 yuan / ton. In terms of import and export, due to the current lack of overseas demand, a small amount of ADC12CIF was exported to Japan at a price of around US $1450 / ton. ADC12 import offer is still active, the current import Ningbo ADC12CIF (agreed non-tariff country) quotation remains 1500-1580 US dollars / ton, a small amount of 1480 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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