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    Home > Chemicals Industry > New Chemical Materials > The price increase of scrap aluminum has expanded, and the risk of correction has increased

    The price increase of scrap aluminum has expanded, and the risk of correction has increased

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    In August, the price of scrap aluminum maintained an upward trend, and the increase expanded, the increase in South China was more than 900 yuan, some varieties increased by more than 1000 yuan, the current local aluminum wire price around 18500, 6063 old material price around 16500; Other regions have also raised 800-1000 yuan, at present, the mainstream of aluminum alloy spraying old materials in East China is around 15900, broken bridge material is around 14700, cans are around 14,000, and first-class raw aluminum is around
    15700.

    Scrap aluminum

    In terms of the market, prices continue to rise, holders maintain optimistic expectations for the future market, more goods do not come out, some yards have a stockpiling phenomenon, the market circulation of goods is tight, and prices continue to rise
    .
    In addition, it is understood that because of the impact of silicon price trends, recycled aluminum manufacturers prefer the source of raw aluminum, the price of raw aluminum in August rose prominently, manufacturers generally went to the stage to receive the price, resulting in the increase of cooked aluminum far less than raw aluminum
    .
    In terms of manufacturers, due to the high price of scrap aluminum and the impact of soaring silicon, resulting in increased pressure on the cost of raw materials for recycled aluminum alloy ingot manufacturers, the supply of aluminum alloy ingots is tight, and the price is rising, according to statistics, the mainstream price of ADC12 aluminum alloy ingots has risen from 18700 in early August to around 20800 at present, an increase of more than 2000 yuan
    .

    Aluminum prices continue to rise, the government and associations intend to suppress the excessive rise of aluminum prices, the risk of pullback increases, short-term scrap aluminum upward momentum weakens, beware of a fall, it is recommended that many merchants can consider shipments at high prices, reduce some inventory
    .

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