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    Home > Chemicals Industry > New Chemical Materials > Market confidence is not enough, scrap aluminum or steady decline

    Market confidence is not enough, scrap aluminum or steady decline

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    This week's aluminum ingot fell sharply, scrap aluminum prices followed down, the decline was mostly between 100-200 yuan, the current East China aluminum alloy spraying old material mainstream around 15700, broken bridge around 14200, cans around 13600, 6063 extrusion material Yangtze River aluminum 88-89 fold, all fell from last week; In addition, the price of aluminum alloy ingots continued its downward trend this week, and as of Friday, the mainstream price of ADC12 in East China was 19400-19500 yuan / ton, down 300 yuan / ton
    from last Friday.

    Scrap aluminum

    In terms of the market, the transaction situation in the northern market has improved this week, some regional logistics have gradually recovered, the production of aluminum plants has been stable, and the market circulation has increased; However, it is understood that some holders in East China due to losses are more willing to raise prices, the transaction is slightly deadlocked, the recent supply of automobile wheels is still selling well, there are more merchants looking for goods, the price is obviously resistant, the current receipt price of some aluminum plants in Jiangxi is around
    17400.
    In addition, according to Fubao, due to the recent gradual widening of the aluminum price difference between Jinzhou and Hebei, some downstream aluminum plants in the north mostly choose to purchase in Shanxi, resulting in obvious local inventory
    .

    Market forecast: macro bearish, market confidence is insufficient, short-term aluminum is still weak operation, next week scrap aluminum or steady decline, manufacturers can properly replenish the stock
    at the dip.

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