Home / Metal News / Aluminium / Surging Silicon Prices Shocked Aluminium Scrap Market, Driving Up Aluminium Tense Scrap Prices
Surging Silicon Prices Shocked Aluminium Scrap Market, Driving Up Aluminium Tense Scrap Prices
Sep 17,2021 16:52CST
Source:SMM
Aluminium quotations were stable today, but silicon prices surged to over 6000 yuan/mt, which made it difficult for the secondary aluminium casting alloy producers to purchase aluminium scrap.

SHANGHAI, Sep 17 (SMM) – Aluminium quotations were stable today, but silicon prices surged to over 6000 yuan/mt, which made it difficult for the secondary aluminium casting alloy producers to purchase aluminium scrap. A plant purchased aluminium alloy at 900 yuan/mt today, which further triggered the turbulence in the market.

Aluminium scrap selling and purchase prices stood stable in the morning. However, after the prices of silicon reported a sharp increase, some aluminium scrap yards chose to wait and see the reaction of secondary aluminium plants, and the purchase price at 900 yuan/mt of a secondary aluminium plant shocked the market.

The continuous increase in silicon prices will cause the price spread to shrink significantly between aluminium and aluminium tense scrap. The prices of aluminium tense scrap rose by over 300 yuan/mt today.

silicon
aluminium
scrap

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news