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[SMM scrap Aluminum column] Aluminium prices fell after delivery and scrap aluminum prices gave up their recent increases.
Jul 16,2020 13:59CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 16 News: today's aluminum price fell 290 yuan / ton to 14530 yuan / ton, recycled aluminum plant slightly reduced prices, small and medium-sized factories reduced prices more obviously. In terms of domestic prices, the quotations of large domestic factories are concentrated at 13400-13500 yuan / ton, while those of enterprises using imported waste continue to maintain 13000-13200 yuan / ton, and the prices of some factories have been reduced by 50 yuan / ton. For small and medium-sized plants, the price of a recycled aluminum plant in Jiangxi dropped by 100 yuan / ton, while that of small and medium-sized factories and traders dropped to 12800 yuan and 13100 yuan / ton. In terms of import and export, Japan's demand for ADC12 has recovered slightly, and the overseas procurement volume has increased, making the actual overseas quotations continue to rise, and the price of China's exports to Japan has risen to 1500,000,1540 yuan / ton. Import ADC12 quotation rose synchronously, the current import Ningbo ADC12CIF (agreement free countries) quotation rose to 1450,1570 U.S. dollars / ton, the mainstream quotation maintained more than 1500 U.S. dollars / ton, European ADC12 quotation rose to 1450 million 1460 U.S. dollars / ton, but the current domestic and Japan for the import of aluminum alloy ingots rose sharply showed a wait-and-see attitude, the actual transaction is not much. Due to the slight reduction in the quantity 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 is reduced, and the transaction price has not been heard at the spot port of high-quality goods. The current quotation is maintained at 12700 yuan / ton, and the forward price is quoted at 12600 yuan / ton in September. The current import profit is maintained at 400 won 500 yuan per ton.

SMM aluminum alloy ADC12 price market on July 16th

Aluminum prices fell 290 yuan / ton to 14530 yuan / ton today. In terms of scrap aluminum prices, domestic cooked aluminum prices have declined by 100,200 yuan / ton, giving up the increase in scrap aluminum in recent days. In terms of raw aluminum, it continues to remain 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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