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[SMM waste aluminum column] poor demand, the impact of import supply, the rise in ADC12 prices is still weak.
Jul 1,2020 13:50CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Introduction to this article: the quotation of the overseas leading recycled aluminum plant has increased slightly due to the increase of production saturation. The spot ADC12 transaction price in Hong Kong shows a slight stalemate, the new standard of imported waste aluminum has not yet been implemented, and the cheap imported waste aluminum still fails to enter the country smoothly. at the same time, the domestic ADC12 price remains stable under the suppression of low-cost imported aluminum alloy ingots.

Today, aluminum prices rose 190 yuan / ton to 14360 yuan / ton, spot aluminum prices continued to rise, recycled aluminum factory quotations are still weak. In terms of domestic prices, the quotations of mainstream large-scale recycled aluminum enterprises remained stable, concentrated at 13200 to 13400 yuan / ton, while some enterprises using imported waste aluminum increased by 100 yuan / ton, and most orders were under great pressure. In terms of small and medium-sized plants, the quotations of a recycled aluminum plant in Jiangxi remain unchanged, while those of small and medium-sized factories and traders remain at 12800-13000 yuan per ton, with a sales price of 12700 yuan per ton less. On the import and export side, due to the current near absence of overseas demand, Japan's ADC12 demand has recovered slightly, but it is still very limited, with actual turnover around US $1300 / ton. Import ADC12 offer is still active, the current import Ningbo ADC12CIF (agreement-free countries) quotation continues to maintain 1460-1530 US dollars / ton, the mainstream quotation remains below 1500 US dollars / ton. At present, the quotations of some overseas leading recycled aluminum plants with better quality have increased slightly due to the increase in output saturation. The spot ADC12 transaction price in Hong Kong shows a slight stalemate, with the high price being maintained at 12400-12500 yuan / ton. at present, 12500 yuan / ton can be delivered by most traders, with mainstream cash transactions concentrated around 12400 yuan / ton, and some forward source prices continue to drop slightly to around 12150 yuan / ton. The new standard of imported waste aluminum has not been implemented so that the cheap imported waste aluminum still can not enter China smoothly. At the same time, the domestic ADC12 price is stable under the suppression of low-cost imported aluminum alloy ingots.

SMM aluminum alloy ADC12 price market on July 1st

Aluminum prices soared 190 yuan / ton to 14360 yuan / ton today. In terms of waste aluminum, waste aluminum recyclers generally reported that the price of cooked aluminum is about 100 yuan / ton. Raw aluminum, due to the poor demand for downstream die-casting aluminum alloy ingots, prices continue to maintain stability. In addition, the new standard of waste aluminum, which was originally scheduled to be implemented today, has not yet heard the specific implementation details, and according to the feedback of enterprises that previously used imported waste aluminum, the implementation of the standard has not been seen, and everything still needs to wait.

Note: import self-withdrawing is the ADC12 cash self-withdrawing price of Ningbo Port.

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