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[SMM waste aluminum column] High aluminum prices hold stable waste aluminum slightly loosened small and medium-sized recycled aluminum plants are weak with the rise.
May 20,2020 13:34CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Daily review on the price of waste aluminum

Today, aluminum prices fell steadily by 20 yuan / ton, continuing to maintain a relatively high level. 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. But at the same time, it should be noted that due to the impact of the epidemic, on the one hand, aluminum consumption has weakened, on the other hand, the operation of the waste aluminum recycling system is not smooth, resulting in a decrease in the amount of new waste aluminum flowing into the market compared with the same period last year, and the overall supply of waste aluminum is relatively small. this makes even if the current domestic waste aluminum shippers are willing to ship, the price fall is still relatively slow.

ADC12 price of SMM aluminum alloy on May 20th

The quotations of mainstream recycled aluminum enterprises remain stable. 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 price of imported waste aluminum enterprises is not less than 13000 yuan / ton, and the ultra-low price of domestic products almost disappears. In terms of small and medium-sized factories, the price of a recycled aluminum plant in Jiangxi is stable, but due to the low acceptance of downstream customers and weakness to follow the rise, the price as a whole has only increased by 50 yuan / ton. At present, the overall price of ADC12 is similar to that of the same period last year, with weak car consumption and strong consumption of building materials leading to the upside down of aluminum prices and ADC12 prices. 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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