[SMM waste aluminum column] the price of aluminum scrap remains stable in horizontal trading. Whether the import of waste aluminum is liberalized or not is still the biggest variable.

Published: Jul 27, 2020 15:05
Source: SMM

SMM7 March 27: aluminum prices rose 40 yuan / ton to 14580 yuan / ton today, the recycled aluminum plant kept 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 remains 12850,13,100 yuan / ton. In terms of imports and exports, Japan's demand for ADC12 recovered slightly, and overseas purchases increased, so that the actual overseas quotations continued to rise, and the price of China's exports to Japan rose to 1520,1570 yuan per ton. Import ADC12 quotation rose synchronously, the current import Ningbo ADC12CIF (agreement-free countries) quotation rose to 150001570 US dollars / ton, the mainstream quotation maintained more than 1500 US dollars / ton, European ADC12 quoted price rose to 150000001520 US dollars / ton, but the current domestic and Japanese 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 12500 to 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. At present, the import profit has dropped to less than 300 yuan / ton.

Aluminum prices rose 40 yuan / ton to 14580 yuan / ton today. In terms of the price of waste aluminum, the price of cooked aluminum is stable, and the recyclers of waste aluminum still have little feedback on the supply of cooked aluminum. In terms of raw aluminum, recyclers have stabilized their quotations, and only a small number of recycled aluminum enterprises in the north have reported a slight drop in raw aluminum prices. In terms of imported scrap aluminum, the current overseas zorba (95 metal volume, 2% copper crushed raw aluminum) Malaysia CIF price maintains more than 1000 US dollars / ton, and the processing fee after preliminary sorting, cleaning and treatment is about 100 US dollars / 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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