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    Home > Chemicals Industry > New Chemical Materials > Scrap prices are still firm and are expected to continue to rise next week

    Scrap prices are still firm and are expected to continue to rise next week

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    As primary aluminum futures continue to rise sharply, refreshing the previous high, the price of alloy ingot manufacturers has risen, and the purchase price of scrap aluminum has risen
    .
    This week, South China scrap aluminum rose by about 50 yuan, the current aluminum wire is around 17,700, 63 old materials are around 16,000, the mainstream price of clean machine aluminum is around 14,600, and the broken raw / cooked aluminum has risen prominently; At present, the mainstream of aluminum alloy spraying old materials in East China is around 15200, around 13900 broken bridges, and around 13,300 cans
    .

    Scrap aluminum

    In terms of the market, the market supply is still tight this week, especially the price was once lowered, the holders covered the goods and sold, the market circulation is small, and the price is firm
    .
    Due to insufficient raw material inventory, manufacturers receive goods
    at higher prices.
    In addition, it is understood that the supply of aluminum alloy ingots this week is reduced, the price continues to rise, this week the increase is more than 200-300 yuan / ton, the current ADC12 aluminum alloy ingot price mainstream around 19300
    .

    Recently, the import of alloy ingots and scrap aluminum has been blocked for various reasons, and because the price difference between domestic and foreign countries is not obvious, customers are cautious, resulting in a decrease
    in imports.
    The arrival of imported alloy ingots has decreased, and the early demand is not strong, and many manufacturers have low inventory, resulting in less domestic alloy ingots in stock, and the bullish sentiment is gradually rising, so the purchase price of scrap aluminum is increased to purchase more raw materials for production
    .
    In addition, most of the scrap aluminum imported from abroad is crushed raw aluminum, and the import of imported scrap aluminum has decreased, and the domestic supply tension has not been alleviated, resulting in the rise of scrap aluminum prices
    .
    In the short term, prices remain firm on the back of tight supply of scrap and recycled aluminum ingots and are expected to continue to rise
    next week.

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