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[SMM waste aluminum column] it is still doubtful that the traditional import of waste aluminum approval document Q3 will not be reduced.
Jul 2,2020 14:46CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

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.

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