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Weak market demand before the holiday Recycled aluminum prices fell one after another

 Last Update: 2022-12-05
 Source: Internet
 Author: User

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As the Dragon Boat Festival approaches, the downstream demand in the spot market is weak, and the price of recycled aluminum continues to fall
.
Among them, the price of recycled aluminum alloy ingot ADC12 in Chongqing continues to decline
.
Even if the A00 aluminum price has been rising in recent days, it has not supported the price
of Chongqing ADC12 aluminum alloy ingot.

Aluminum prices

At present, the mainstream price of ADC12 aluminum alloy ingots in Chongqing is almost the same as the A00 aluminum price, and some transactions have been lower than the A00 aluminum price to form a price inversion
.
According to the feedback of major recycled aluminum companies in Chongqing, they are pessimistic about prices, believing that the consumption of automobiles and motorcycles is weak, and the influx of low-priced goods from other places such as Qinghai and Yunnan is the reason
for the decline in the price of recycled aluminum.

The quotations of large recycled aluminum enterprises in East China and South China remained stable for the time being, and only the quotations of small and medium-sized factories continued to decrease
.
Prices in the southwest and east China are still increasing
.

This year's recycled aluminum industry entered the off-season ahead of schedule, and there is still no obvious favorable factor support in the short term, so the price of recycled aluminum is still bearish, especially the price of Chongqing recycled aluminum ADC12 still has room to fall, when the obvious ADC12 and A00 aluminum prices are inverted
.

There is no major news in the domestic and foreign markets next week, and the Chinese market is closed due to the Dragon Boat Festival
.
The lack of favorable support for the rise in aluminum prices is weak, and recycled aluminum prices are expected to run
weakly next week.

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