[SMM scrap Aluminum column] Aluminium prices fell after delivery and scrap aluminum prices gave up their recent increases.

Published: Jul 16, 2020 13:59

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.

Scan the QR code and join the SMM metal communication group.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Geopolitical Tensions Disrupt LPG, Natural Gas Supply to India, Impacting Aluminum Production
8 hours ago
Geopolitical Tensions Disrupt LPG, Natural Gas Supply to India, Impacting Aluminum Production
Read More
Geopolitical Tensions Disrupt LPG, Natural Gas Supply to India, Impacting Aluminum Production
Geopolitical Tensions Disrupt LPG, Natural Gas Supply to India, Impacting Aluminum Production
[SMM Aluminum Express News] Geopolitical tensions in West Asia have disrupted energy flows through the Strait of Hormuz, tightening LPG and natural gas supply to India. With gas diverted to households, according to the Aluminium Extrusion Manufacturers Association of India industrial supply has been cut by 50–80%, severely impacting energy-intensive aluminum extrusion. Around 25 plants have been shut down while ~200 operate at reduced rates, dragging monthly output from ~70,000 mt to ~45,000 mt. The supply-driven disruption is tightening downstream availability and supporting aluminum product premiums.
8 hours ago
SHFE Cast Aluminum Alloy Warrants Drop to 44,991 mt, Down 2,741 mt from Previous Day
9 hours ago
SHFE Cast Aluminum Alloy Warrants Drop to 44,991 mt, Down 2,741 mt from Previous Day
Read More
SHFE Cast Aluminum Alloy Warrants Drop to 44,991 mt, Down 2,741 mt from Previous Day
SHFE Cast Aluminum Alloy Warrants Drop to 44,991 mt, Down 2,741 mt from Previous Day
[SMM Flash News] SHFE data showed that as of March 23, the total registered volume of cast aluminum alloy warrants was 44,991 mt, down 2,741 mt from the previous trading day. By region, the total registered volume was Shanghai (3,177 mt, down 515 mt), Guangdong (17,467 mt, down 453 mt), Jiangsu (5,022 mt, down 453 mt), Zhejiang (14,155 mt, down 1,079 mt), Chongqing (3,843 mt, down 91 mt), and Sichuan (1,327 mt, down 150 mt). The English translation of the above text is:
9 hours ago
Secondary Aluminum Alloy ADC12 Market Weakens, Prices Drop by 200-400 Yuan/mt Amid Bearish Sentiment
9 hours ago
Secondary Aluminum Alloy ADC12 Market Weakens, Prices Drop by 200-400 Yuan/mt Amid Bearish Sentiment
Read More
Secondary Aluminum Alloy ADC12 Market Weakens, Prices Drop by 200-400 Yuan/mt Amid Bearish Sentiment
Secondary Aluminum Alloy ADC12 Market Weakens, Prices Drop by 200-400 Yuan/mt Amid Bearish Sentiment
[SMM Daily Review of Aluminum Alloy] The secondary aluminum alloy ADC12 market continued to weaken today, with mainstream enterprises generally cutting offers by 200–400 yuan/mt. The weaker prices were mainly dragged down by larger declines in aluminum prices and futures, with the cost center moving lower in tandem. In addition, some enterprises had shown relatively strong bullish sentiment earlier and lagged in the pace of price adjustments, leading to a catch-up decline in the market today. In terms of market sentiment, secondary aluminum enterprises turned cautious and bearish on the short-term aluminum price trend, focusing mainly on active shipments. Demand side, support remained weak, downstream procurement was maintained only for rigid demand, wait-and-see sentiment was strong, and
9 hours ago
[SMM scrap Aluminum column] Aluminium prices fell after delivery and scrap aluminum prices gave up their recent increases. - Shanghai Metals Market (SMM)