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    Home > Chemicals Industry > New Chemical Materials > Short-term price increases for scrap aluminum The market is still light

    Short-term price increases for scrap aluminum The market is still light

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Today's aluminum price continued last week's rally, continuing to rise 60 yuan / ton to 11790 yuan / ton
    .
    At present, due to the short-term slight rebound of aluminum prices in China, scrap aluminum holders continue to maintain a reluctant selling sentiment, while weak demand makes recycled aluminum prices continue to weaken, which intensifies the game between buyers and sellers in the scrap aluminum market, and some small and medium-sized recycled aluminum singers have reduced production
    .
    However, the announcement of Q2 import scrap approval has gradually increased the subsequent low-cost imported scrap, which may improve the shortage of
    domestic scrap.

    Scrap aluminum

    Due to poor downstream demand, the market has almost no follow-up, and only a very small number of companies have a slight willingness to raise prices due to high scrap prices, and the overall transaction price continues to decline
    .
    Specifically, the cash quotation of large-scale recycled aluminum enterprises is mainly reduced to 13000~13200 yuan / ton, and a small number of extreme prices can be as low as 12900 yuan / ton
    .
    For small and medium-sized enterprises, the cash quotation dropped to 12700~12800 yuan / ton, and the small number of extreme transaction prices were as low as 12600~12650 yuan / ton
    .

    In terms of exports, due to the weakening of overseas scrap prices and poor demand, the price of export ADC12 continued to fall, and the quotation fell to 1300~1350 US dollars / ton, and the transaction below 1300 US dollars / ton appeared at a low level
    .
    In terms of imported scrap aluminum, Q2 import scrap approval has begun to be issued, and the fifth batch of import scrap approval is about 200,000 tons, which has not hindered the import of
    scrap aluminum.
    At the same time, due to the greater impact of overseas downstream and terminals, the actual scrap aluminum supply tends to be excessive, the price falls below 900~1000 US dollars / ton, and some unsealed areas of scrap aluminum will begin to flow to the country
    .

    Overall, in the short term, due to the rise in aluminum prices, scrap aluminum holders continue to maintain reluctance to sell, the market is still light, and there is almost no transaction
    .

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