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[SMM waste aluminum column] the wait-and-see mood of all parties increases, the arrival of imported aluminum alloy ingots decreases and the price is firm.
Jul 8,2020 14:16CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Introduction to this article: the quotations of recycled aluminum plants are stable, and the offer of imported ADC12 is still active. At present, the quotations of some overseas leading recycled aluminum plants with better quality remain strong due to the increase in output saturation.

Today, aluminum prices fell 100 yuan / ton to 14320 yuan / ton, recycled aluminum plant prices are stable. 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. For 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, and low-cost goods are heard to have decreased. 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, the current demand in Europe has increased, the European ADC12 quotation is strong. At present, the quotations of some overseas leading recycled aluminum plants with better quality remain strong due to the increase in output saturation. The quantity of spot ADC12 in Hong Kong has decreased, and the seller's quotation is slightly stronger. The spot transaction price of high-quality goods is concentrated at 12400-12500 yuan / ton, and the price difference in forward price is still relatively large. Since 12000-12200 yuan / ton, the arrival time of overseas forward orders has been postponed to after September.

SMM aluminum alloy ADC12 price market on July 8th

Aluminum prices fell 100 yuan / ton today, the recent increase in imports of A00 aluminum makes the spot market weak. In terms of scrap aluminum, the price of cooked aluminum in inland areas is relatively small, and the price in coastal areas is greatly affected by various imports. Although the quotation has not been lowered, the actual willingness to ship has increased, and there are also certain price concessions. Raw aluminum is due to the poor demand for downstream die-casting aluminum alloy ingots, the price continues to maintain stability. The new standard of imported waste aluminum has not yet heard the sound of landing, and we still need to continue to wait. At present, the price of overseas zorba (95 metal volume, 2% copper crushed raw aluminum) Malaysia CIF is 970 US dollars / ton. after preliminary treatment, the price is also around 1100 US dollars / ton, which is about 1500 yuan / ton lower than the domestic raw aluminum tax price. If imports are liberalized, domestic shocks are inevitable, and all parties remain on the sidelines for imported waste aluminum.

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

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