Home / Metal News / Aluminium / [SMM waste Aluminum column] Aluminum prices have fallen for two days, but the price of scrap aluminum has risen by more than 200%. The price of waste aluminum has dropped slightly.
[SMM waste Aluminum column] Aluminum prices have fallen for two days, but the price of scrap aluminum has risen by more than 200%. The price of waste aluminum has dropped slightly.
Jul 14,2020 14:23CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Today, aluminum prices fell 400 yuan / ton to 14900 yuan / ton, two days cumulative rise is still more than 200 yuan / ton, recycled aluminum plant due to cost upward quotation is relatively strong. Domestic prices, the mainstream large recycled aluminum enterprises quoted stable, a small number of enterprises quoted-50, concentrated in 13400 million 13500 yuan / ton, the use of Guangdong enterprises to give up yesterday's increase fell to 13100 million 13200 yuan / ton. In terms of small and medium-sized plants, the price of a recycled aluminum plant in Jiangxi is stable, and the quotation of small and medium-sized factories and traders is maintained at 12900 to 13200 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, the spot port of high-quality goods has not yet heard the transaction price, and the current quotation has risen to 12700 yuan / ton, the forward price needs to wait for market feedback, and the arrival time of overseas orders is mostly from the end of August to September. If there is a transaction at 12700, the profit on imports will increase.

SMM aluminum alloy ADC12 price market on July 14th

Aluminum prices fell 400 yuan / ton to 14900 yuan / ton today, with a cumulative increase of more than 200 yuan / ton in two days. In terms of scrap aluminum prices, Guangdong cooked aluminum prices rose an extra 200 yuan / ton yesterday afternoon. After the aluminum price fell today, the price fell by 100 yuan / ton, with a cumulative increase of 100 yuan / ton in two days. The price of cooked aluminum in other regions rose 100 yuan / ton more than yesterday, giving up yesterday's increase today. In terms of raw aluminum, prices remain basically stable. 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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