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[SMM waste Aluminum column] the regional difference between supply and demand of waste aluminum increases the quotation of recycled aluminum enterprises to maintain stability and wait-and-see.
May 21,2020 13:58CST
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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 background, the price of waste aluminum remains stable as a whole, but the difference between supply and demand of regional waste aluminum increases. The supply in the north is relatively loose, while the supply in the south is relatively tight, which makes some recycled aluminum enterprises in the south slightly raise the purchase price of 100 yuan per ton of waste aluminum. On the whole, downstream recycled aluminum consumption remains weak, waste aluminum prices are more passively driven by rising aluminum prices, and the range of increase is very limited.

Price quotation of SMM aluminum alloy ADC12 on May 21th

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. Using imported waste aluminum enterprises to quote no less than 13000 yuan / ton, the ultra-low price of domestic products almost disappeared, but some enterprises reported that the price of poor orders was reduced to around 13000 yuan / ton. In terms of small and medium-sized factories, the quotation of a recycled aluminum plant in Jiangxi is stable, and the overall quotation is stable, while a small number of enterprises have slightly increased 100 yuan / ton due to cost reasons. At present, the overall price of ADC12 is similar to that of the same period last year. Although automobile consumption data rose in April compared with the same period last year, first, the base of automobile sales data last year was low, and second, the caliber of association sales data was factory rather than terminal sales, so it still takes time for its feedback to recycled aluminum enterprises to improve consumption only from marginal changes. 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. The offer for imported ADC12 is still active, and the current quotation for imported Ningbo ADC12CIF (non-tariff country) remains at 1500-1580 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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