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[SMM waste aluminum column] the rising aluminum price and the weak demand for recycled aluminum deviate from the waste aluminum, while the rising rate slows down.
May 19,2020 13:42CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Daily review on the price of waste aluminum

Aluminum prices rose 350 yuan / ton today, reaching a recent high of 13500 yuan / ton. Under this high aluminum price, although the discount rate of cooked aluminum scrap aluminum remains unchanged, the overall price still rises synchronously according to the discount rate, but in practice, most of the consignors make a small profit of 100,000,150 yuan / ton. Also in the raw aluminum end, due to the poor demand for recycled aluminum downstream, raw aluminum prices also rose less, more symbolically following aluminum prices up 100 yuan / ton. It is expected that under the current high aluminum prices, the pre-holiday inventory loss of scrap aluminum disappears, and most of the holders have a positive willingness to ship goods, which slows down the price of scrap aluminum with the rising rate.

May 19th SMM aluminum alloy ADC12 price market

Mainstream recycled aluminum companies are forced to follow suit. Mainly due to poor orders, the cost rose passively with an increase of about 100 yuan / ton, and the price of import sources remained unchanged. Domestic prices, the mainstream large-scale recycled aluminum enterprises offer stable, concentrated in 13300 to 13400 yuan / ton, as a whole and A00 aluminum price upside down. The quotation of enterprises using imported waste aluminum is not less than 13000 yuan / ton, and the price is raised about 100 yuan / ton at the same time. Small and medium-sized plants, Jiangxi, a recycled aluminum factory quotation of 13100 yuan / ton, it is expected that the domestic small and medium-sized plant transaction price up to 13000 million 13100 yuan / ton, the current overall ADC12 price is similar to the same period last year, the same is weak car consumption and building materials consumption led to aluminum prices and ADC12 prices upside down. 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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