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    Home > Chemicals Industry > New Chemical Materials > Scrap prices soared this week and there may be demand for adjustment in the short term

    Scrap prices soared this week and there may be demand for adjustment in the short term

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    This week, the price of scrap aluminum has risen sharply, South China rose more than 1000 yuan, the current local aluminum line mainstream around 19700, mechanical aluminum around 16900, 6063 old materials around 17500; East China also rose by about 1,000 yuan, and the current mainstream receipt price of local freight yards is 16,500 paint materials, broken bridges 15,100, and cans around 14,500, changing the situation
    of stagflation before the holiday.

    Scrap aluminum

    In terms of the market, prices continue to rise, holders have a strong willingness to hold prices, some merchants choose not to sell goods, coupled with the Spring Festival factors, most of the small goods yards and retail investors have not yet entered the market, and the market circulation is tight; At present, more than half of the recycled aluminum enterprises are still on holiday, and the enthusiasm of the enterprises that have started to receive goods is acceptable, and the actual transaction price is high, and it is expected that the enterprises will gradually return to normal
    next week.

    As of Friday, the mainstream ADC12 price in the East China market was 22,300 yuan / ton, up 1,700 yuan / ton from before the holiday, mainly boosted by the difficulty of finding scrap aluminum raw materials and insufficient inventory of finished products
    .

    After the continuous rebound, aluminum prices are suppressed by the Fed's interest rate hike expectations, and there is expected to be demand for adjustment in the short term, but considering that scrap aluminum prices are supported by tight supply and limited room for decline, it is expected that scrap aluminum will fall first and then rise next week, and the overall fluctuation space is not large
    .

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