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This week's scrap aluminum stagnation is more obvious, South China basically remained stable, the current local machine aluminum mainstream around 16900, aluminum line around 19600, 6063 old material around 17400; At present, the mainstream of aluminum alloy spraying old materials in East China is around 16400, aluminum wire around 19500, and cans around 14700, which is basically not much
adjusted from last week.
In terms of the market, affected by the new fiscal and tax policies, scrap aluminum holders have increased shipments, small and medium-sized freight yards have even sold goods, this week the market supply is relatively abundant, and manufacturers, wait-and-see sentiment is heavier, some aluminum plants have chosen to stop receiving orders or only maintain the business of old customers, waiting for the new policy to
land.
In terms of aluminum alloy ingots, as of Friday, the mainstream price of ADC12 aluminum alloy ingots in East China was around 22,000 yuan / ton, stable from last Friday, and the transaction was better than last week
.
At present, the macro situation is unstable, the market confidence is insufficient, coupled with the market's concerns about the new fiscal and tax policies, it is expected that the price of scrap aluminum will fall steadily next week
.
