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[SMM waste aluminum column] the demand weakens, the price of scrap aluminum is generally reduced, and the arrival of imported aluminum ingots continues to increase.
May 25,2020 14:55CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Daily review on the price of waste aluminum

Aluminum prices rose 110 yuan / ton today, but feedback spot A00 aluminum rising water fell slightly. Waste aluminum recyclers generally reported that the recent downstream demand is not good, and the coastal areas began to spread that the import of waste aluminum does not need approval after July, which has also formed a certain crackdown on the whole waste aluminum price. From a separate point of view, the price of scrap aluminum in Linyi, Shandong Province is generally reduced by 100 yuan / ton, the price discount rate of cooked aluminum in Henan is reduced by about 1% to 2%, the price discount rate of cooked aluminum in Shanghai is reduced by about 0.5%, and the price of raw aluminum in Guangdong is reduced by about 100 yuan / ton. Buyers, the domestic mainstream aluminum alloy ingot factories have maintained on-demand procurement, there is no rush for goods, only a very small number of recycled aluminum plants have significantly increased the receiving price.

The output of domestic waste aluminum is divided by region (unit: ten thousand tons)

SMM aluminum alloy ADC12 price market on May 25th

Today, aluminum prices rose 110 yuan / ton to 13260 yuan / ton, although spot prices rose, but A00 aluminum water fell slightly. The price of the recycling plant is stable as a whole. Domestic prices, the mainstream large recycled aluminum enterprises offer stable, concentrated in 13200-13300 yuan / ton. The cash price quoted by imported waste aluminum enterprises is maintained around 13000 yuan / ton. due to the market feedback that the inventory of imported waste is gradually reduced, the market ultra-low price has disappeared. In terms of small and medium-sized plants, the quotation of a recycled aluminum plant in Jiangxi is stable, and the quotation of small and medium-sized plants and traders is maintained at 12900-13000 yuan / ton. From the weekend to today, there is a general slight decline in the feedback price of waste aluminum market, and it has been circulated in the market that the import of waste aluminum does not need approval in July, which suppresses the overall price of waste aluminum, coupled with the increase in the arrival of imported aluminum alloy ingots, which also makes the price of recycled aluminum ADC12 weak. 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. Import ADC12 offer is still active, the current import Ningbo ADC12CIF (non-tariff country) quotation remains 1500-1580 US dollars / ton, the mainstream quotation is concentrated at 1510-1520 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
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