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Last week, the price of scrap aluminum showed a situation of easy to rise and fall, with the rise and not with the fall, South China as a whole increased by 250 yuan more than last week, the current local aluminum line around 17400, 63 old materials around 15900, ADC12 aluminum alloy ingot around 19200, all raised from last week; Other places have also risen, cans and other varieties once rose more than 400 yuan, the current mainstream price of alloy spray paint in East China remains at about 15200, broken bridge 14400, car rim 15400
.
In terms of the market, at the beginning of the week, the willingness of holders to sell is strong, the market circulation is small, the price of cans once exceeded 14,000, and in the later period, with the lower spot price, the sentiment of holders to cover goods has been relaxed, but shipments are also more expensive, showing a seller's market, holders generally say that there are goods to sell
.
Due to production needs, downstream recycled aluminum enterprises maintain stable receipts, and raw material investment funds increase, which tests small and medium-sized enterprises
.
Market sentiment has weakened, and it is expected that the short-term aluminum price trend will still be under pressure, and scrap aluminum may show a downward trend, and it is recommended that holders should not stock up
excessively.
