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[SMM waste aluminum column] the impact of imported aluminum alloy ingots increases the demand for raw aluminum is weak and weak.
May 29,2020 14:16CST
The content below was translated by Tencent automatically for reference.

Daily review on the price of waste aluminum

Today, aluminum prices rose steadily and slightly by 10 yuan per ton. The price of waste aluminum remained stable as a whole. However, at present, the arrival of imported aluminum alloy ingots continues to increase, and the inventory of more traders has not been digested, and the volume of goods arriving in June is still relatively large. The current domestic ADC12 quotation for imported aluminum alloy ingots has dropped to less than 12500 yuan / ton. Under the impact of a large number of imported aluminum alloy ingots, domestic recycled aluminum enterprises generally want to reduce the cost to counter the import source. under this influence, the domestic raw aluminum price is weak in the near future, and it is still possible to continue to decline in the later stage.

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

Price quotation of SMM aluminum alloy ADC12 on May 29th

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 ultra-low price of domestic products has disappeared, and the low price basically comes from imported aluminum alloy ingots. In terms of small and medium-sized plants, the quotation of a recycled aluminum plant in Jiangxi remained stable, while the quotations of small and medium-sized factories and traders showed a slight weakening trend, falling to 12800-13000 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. The import ADC12 offer is still active, the current import Ningbo ADC12CIF (non-tariff country) quotation maintains 1500-1580 US dollars / ton, the mainstream quotation is concentrated at 1510-1520 US dollars / ton, and the forward arrival price has been offered at a low price. The transaction price of spot ADC12 in Hong Kong is maintained at 12200 to 12500 yuan / ton, and it is difficult to see a transaction of more than 12500 yuan / ton. considering the recent fluctuations in the exchange rate, some high-cost import arrival profits have been negligible.

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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