Daily Review of waste Aluminum Price on April 13, 2020

[aluminum prices continue to rise waste aluminum holders continue to cherish the sale of domestic waste aluminum market remains light] Today, aluminum prices continued last week's rally, continuing to rise 60 yuan / ton to 11790 yuan / ton. The waste aluminum market is still in short supply, holders remain willing to sell, waste aluminum prices remain stable, and transactions are rare. Buyers, due to poor orders, recycled aluminum ADC12 transaction prices continue to fall, at present, more and more small and medium-sized recycled aluminum plants due to lack of materials to reduce production. Import waste aluminum, Q2 import waste aluminum approval document has begun to issue, the fifth batch of import waste aluminum approval document about 200000 tons, did not hinder the import of waste aluminum. At the same time, due to the greater impact of overseas downstream and terminals, the actual supply of waste aluminum tends to be surplus, the price falls to less than US $1000 / ton, and some unsealed areas of waste aluminum will begin to flow to China. On the whole, due to the rise in aluminum prices in the short term, waste aluminum holders continue to cherish the sale, the market is still light, there are few transactions.

(SMM Yi Liang)