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[SMM waste Aluminum column] Aluminum prices have gone up in consolidation and the prices of more than 100 mature aluminum have risen at the same time.

iconJul 20, 2020 14:54
Source:SMM

SMM7 March 20: today's aluminum price rose 110yuan / ton to 14480 yuan / ton, aluminum price relatively stabilized at 14500 yuan / ton mark, recycled aluminum plant to keep the wait-and-see quotation flat. In terms of domestic prices, the quotations of large domestic factories maintain 13350 million 13450 yuan / ton, while those of enterprises using imported waste continue to maintain 13000 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 12800-13100 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 a slight reduction in the number of spot ADC12 arriving in Hong Kong, coupled with rising overseas quotations, domestic traders and sellers offer slightly stronger, due to the narrowing of the price difference between imported aluminum alloy ingots and domestic sources, which is not accepted by many customers, the current market transaction price is relatively chaotic at 12550,12700 yuan / ton, the trading volume is less, the wait-and-see mood is strong, 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 20th

Aluminum prices rose 110yuan / ton to 14480 yuan / ton today. In terms of the price of waste aluminum, the price of domestic cooked aluminum has risen by 100 yuan / ton. In terms of raw aluminum, it continues to remain stable. In terms of imported scrap aluminum, the current overseas zorba (95 metal volume, 2% copper crushed raw aluminum) Malaysia CIF price has risen to more than US $1000 / ton, and the processing fee after preliminary sorting, cleaning and treatment is about US $100 / ton, which is still 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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