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On the last trading day of May, aluminum prices fell sharply, severely damping the market to buy gas
.
With the deepening of the off-season, the demand for aluminum market has weakened significantly, and the trading confidence of the scrap aluminum market has been hit, and buyers are still cautious
in purchasing goods under the condition of abundant supply in the overall market.
In addition, environmental protection wind still has an impact on aluminum demand, and the industry expects that short-term aluminum prices will still hover around 14,000 yuan, and price fluctuations are limited
.
In May, South China was affected by environmental protection, weakening market demand and other factors, scrap aluminum prices fell phenomenon, the decline has even exceeded the spot aluminum ingots, especially in the first and middle of the year, manufacturers do not receive much, middlemen shipments are blocked, and even some merchants reflect that the best-selling cans on the market in March and April are not sold in May, the price has fallen significantly, and the manufacturers receive goods mostly for old customer business
.
Environmental protection in North China in May is still strict, especially in Hebei, small and medium-sized aluminum plants shut down seriously, received less goods, some manufacturers have stopped receiving goods, resulting in the phenomenon of goods flowing to other regions, environmental protection was slightly relaxed in the second half of the year, and the transaction improved
slightly.
In addition, the scrap aluminum market in the southwest region, mainly Chongqing and Sichuan, also suppressed transactions
due to environmental protection in the first half of the year.
Although East China has also suffered environmental protection, but the impact is inferior to Hebei and other places, Jiangsu, Zhejiang and Shanghai aluminum alloy sources are relatively best-selling, the price is firm, as of the end of the month, the price of aluminum alloy demolition materials can still reach 10200 yuan / ton
.
Overall, aluminum scrap in South China fell significantly in May, and other regions were steadily lowered, due to unfavorable factors such as environmental protection and poor demand, and the market transaction was not as good as in
April.
June again faced the Fed interest rate meeting, and in the case of weakening demand, the price of scrap aluminum rebound resistance is greater, in the market did not appear actual favorable stimulus, June scrap aluminum price or still weak, it is recommended that recyclers fast forward and fast out operation, manufacturers bargain in batches to buy on demand
.
