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Last week's scrap aluminum prices fell sharply, South China as a whole fell 400-600 yuan more than last week, the current local aluminum wire around 16600-16800, 63 old materials around 15100-15300, ADC12 aluminum alloy ingots around 18600-18800, all lower than last week; Other places have also fallen, cans and other varieties fell by more than 500 yuan, the current mainstream price of alloy spray coatings in East China has fallen to around 14,000, broken bridges 13,000, car rims around
14,500.
In terms of the market, the price rose slightly at the beginning of the week, and due to the early price increase, the manufacturer's inventory was large and the price was also reduced, resulting in some holders panic and active shipments; Later, due to the favorable digestion of aluminum prices pulled back sharply, scrap aluminum also fell sharply, some merchants sold at a high price, downstream actively entered the market for procurement, and the overall scrap aluminum market traded well
.
Market sentiment has weakened, and aluminum prices are expected to fall steadily and slightly next week, and the decline has slowed down; It is recommended that cargo holders should not overstock goods
.
