[SMM waste aluminum column] it is still doubtful that the traditional import of waste aluminum approval document Q3 will not be reduced.

Published: Jul 2, 2020 14:46

Introduction to this article: the quotations of mainstream large-scale recycled aluminum enterprises are stable, while those of waste aluminum recyclers are generally stable. At present, the traditional approval of waste aluminum has not been reduced, and the approval of Q3 is the same as that of Q2.

Today, aluminum prices continue to rise 60 yuan / ton to 14420 yuan / ton, spot aluminum prices continue 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 maintaining 12400-12500 yuan / ton. At present, 12500 yuan / ton can be delivered to most traders. Mainstream cash transactions are concentrated around 12400 yuan / ton, and some forward source prices continue to maintain around 12150 yuan / ton. Pay attention to the new landing of waste aluminum, the current traditional approval of waste aluminum has not decreased, and the approval of Q3 is the same as that of Q2.

SMM aluminum alloy ADC12 price market on July 2nd

Today, aluminum prices continued to rise 60 yuan / ton to 14420 yuan / ton. In terms of waste aluminum, waste aluminum recyclers generally quote to maintain stability, mainly because the aluminum price is on the high side, and the enthusiasm of receiving goods downstream is greatly weakened, even if the waste aluminum varieties quoted at the discount rate are quoted at a discount rate, the discount rate is also significantly reduced. Raw aluminum, due to the poor demand for downstream die-casting aluminum alloy ingots, prices continue to maintain stability. In addition, on the one hand, the new standard of waste aluminum yesterday afternoon did not reveal too many details, everything is still unknown, and even whether the new mark can be landed is still unknown. And according to the feedback of some traders and aluminum alloy ingot factories, the customs has not yet been able to implement the import in accordance with this standard. On the other hand, the traditional import of waste aluminum, according to some long-term use of imported waste aluminum enterprises feedback, Q3 import waste aluminum approval is the same as Q2, has not decreased. According to the data for the same period last year, Q3 remained stable, and Q4 batches dropped 85% month-on-month.

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

Scan the QR code and join the SMM metal communication group.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
PT Bukit Asam Seeks Partners for 1.25 GW Coal Plant to Support Inalum's Aluminum Smelter Project
3 hours ago
PT Bukit Asam Seeks Partners for 1.25 GW Coal Plant to Support Inalum's Aluminum Smelter Project
Read More
PT Bukit Asam Seeks Partners for 1.25 GW Coal Plant to Support Inalum's Aluminum Smelter Project
PT Bukit Asam Seeks Partners for 1.25 GW Coal Plant to Support Inalum's Aluminum Smelter Project
[SMM Aluminum Express News] PT Bukit Asam (PTBA) is seeking partners to build a 1.25 GW coal-fired power plant in Mempawah to support Inalum’s 600,000 tpy aluminum smelter. The project, backed by an MoU between PTBA and Inalum, will require ~5.5 million tons of coal annually (180–200 million tons over 30 years). PTBA targets FID by end-2026, with potential project start in 2027. The smelter itself is part of a larger integrated bauxite–alumina–aluminum chain, with US$2.4 billion investment for the smelter and US$890 million for SGAR Phase 2. It will process 3 Mt bauxite into 1 Mt alumina, then into 600 kt aluminum, supplied by Antam mines. Overall, this strengthens Indonesia’s downstream strategy, boosting domestic alumina capacity to 2 Mt/year and bauxite absorption to 6 Mt/year.
3 hours ago
PTPP Secures IDR 870 Billion Bauxite Mining Contract in West Kalimantan, Diversifying from Nickel
3 hours ago
PTPP Secures IDR 870 Billion Bauxite Mining Contract in West Kalimantan, Diversifying from Nickel
Read More
PTPP Secures IDR 870 Billion Bauxite Mining Contract in West Kalimantan, Diversifying from Nickel
PTPP Secures IDR 870 Billion Bauxite Mining Contract in West Kalimantan, Diversifying from Nickel
[SMM Aluminum Express News] PT PP Presisi (PPRE) secured an IDR 870 billion bauxite mining contract from PT Aneka Tambang (ANTM) in Mempawah, West Kalimantan. The project, executed under a joint operation with PTPP and LMA, covers mining, hauling, and washing plant operations, with first cut starting in early Q2 2026. This contract highlights PPRE’s push to diversify beyond nickel into bauxite, while also reflecting strong SOE collaboration to support Indonesia’s mining sector development.
3 hours ago
Inalum Urges Indonesia to Halt New Alumina Projects Amid Oversupply Risks
3 hours ago
Inalum Urges Indonesia to Halt New Alumina Projects Amid Oversupply Risks
Read More
Inalum Urges Indonesia to Halt New Alumina Projects Amid Oversupply Risks
Inalum Urges Indonesia to Halt New Alumina Projects Amid Oversupply Risks
[SMM Aluminum Express News] PT Inalum has urged the Indonesian government to pause new alumina and aluminum projects due to oversupply risks and pressure on bauxite reserves. Indonesia’s push to build domestic processing has driven rapid investment, similar to nickel, but Inalum warns this could lead to the same issues (oversupply, falling prices, and environmental strain).
3 hours ago
[SMM waste aluminum column] it is still doubtful that the traditional import of waste aluminum approval document Q3 will not be reduced. - Shanghai Metals Market (SMM)