[SMM waste aluminum column] the price of aluminum has risen sharply, and the passive rise of scrap aluminum is far less than that of the rise.

Published: Jul 13, 2020 14:54

Today, aluminum prices rose 630 yuan / ton to 15300 yuan / ton, aluminum prices rose to 1000 yuan / ton for three consecutive days, recycled aluminum plants passively followed by a rise of more than 100 yuan due to rising costs. In terms of domestic prices, the quotations of mainstream large-scale recycled aluminum enterprises rose by 100,200 yuan / ton, concentrated at 13400 yuan / ton, while those using imported waste aluminum enterprises rose to 13,200 yuan / ton. For small and medium-sized plants, a recycled aluminum plant in Jiangxi raised its offer price by 100 yuan / ton on Saturday and Monday, and the price quoted by small and medium-sized plants and traders rose by about 200 yuan / ton to 12900 yuan / ton. In terms of import and export, Japan's demand for ADC12 recovered slightly, and overseas procurement volume increased, making the actual overseas transaction price maintain 1400-1500 US dollars / ton, while China's export price maintained 1480-1500 yuan / ton. The quotation of import ADC12 has risen slightly, and the current quotation of Ningbo ADC12CIF (non-tariff country under the agreement) remains at 1480,1530 US dollars / ton, while the mainstream quotation remains around 1500 US dollars / ton. At present, due to the emergence of Japanese buying in Europe, the price of European ADC12 is maintained at US $1400 / ton. Due to the slight reduction in the number of spot ADC12 arriving in Hong Kong, coupled with the rise in overseas quotations, domestic traders and sellers' quotations are slightly stronger, the quantity of goods at low prices has decreased, and the spot port of high-quality goods has not heard the transaction price for the time being. Previously, the transaction was concentrated at 12450-12500 yuan / ton, and the forward price needs to wait for market feedback. Overseas orders arrive mostly from the end of August to September. The rise in domestic aluminum prices does not have any impact on the cost of imported aluminum alloy ingots, and the quotation for imported goods still needs to wait for market acceptance and feedback, which is likely to rise slightly.

July 13th SMM aluminum alloy ADC12 price market

Today, aluminum prices rose 620 yuan / ton to 15320 yuan / ton, once again touching a new high after the year, and aluminum prices have risen 1000 yuan / ton in the last three days. Affected by the sharp rise in aluminum prices, cooked aluminum prices rose 100 yuan / ton nationwide, raw aluminum prices in East and South China have risen, and prices in other regions remain unchanged. As the price of aluminum continues to rise, the price of waste aluminum in Guangdong has risen by 100 yuan per ton over the weekend. The price of waste aluminum increased in the afternoon, and the price of cooked aluminum in Foshan rose 200 yuan / ton again in the afternoon. The sharp rise in aluminum prices has led to a relative decline in processing fees for primary aluminum processing and recycled aluminum products, which makes it difficult for the price of waste aluminum to keep pace with the increase in primary aluminum. In other regions, prices were adjusted more than on Monday. Import scrap aluminum, the current overseas zorba (95 metal volume, 2% copper broken raw aluminum) Malaysia CIF price of 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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[SMM waste aluminum column] the price of aluminum has risen sharply, and the passive rise of scrap aluminum is far less than that of the rise. - Shanghai Metals Market (SMM)