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Weak market demand Scrap aluminum rebounds with insufficient momentum

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

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This week, scrap aluminum in South China rose by 50-100 yuan, other regions rose steadily, market demand was weak, scrap aluminum rebound momentum is insufficient, the current rubber tapping aluminum wire without steel wire price has fallen to around 11700, merchants undercut the price of goods, cans prices have also fallen
to varying degrees.

Scrap aluminum

At present, environmental protection in Hebei and other places is still strict, affecting the sentiment of merchants to receive goods and hindering transactions
.
Jiangsu, Zhejiang and Shanghai current market transactions are acceptable, manufacturers maintain normal stocks, especially aluminum alloy doors and windows, the source of goods is relatively popular, the price is relatively firm, the current price of clean demolition materials is around 10200, and more sold to Hubei area profile factories
.
In addition, the more popular can briquettes in March and April have recently been suppressed, mainly because of environmental protection, manufacturers are cautious in receiving goods, and most of them are old customer business, and prices have declined
.
In addition, it is understood that the current environmental protection in the southern region is relatively strict compared with some time ago, affecting market transactions
.

Although the total inventory on Friday showed a slight decline, it is still not obvious, coupled with the market's speculation on capacity reduction has weakened significantly, the aluminum price rebound is slightly weak, scrap aluminum is also difficult to improve under the pressure of weak demand, and it is expected that next week's scrap aluminum price is stable and weak
.

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