Scrap aluminum fell steadily, and the market has no substantial positive support

In terms of aluminum alloy ingots, the price of recycled aluminum alloy ingots has stagnated this week, and the mainstream price of ADC12 in the East China market has only increased by 100 yuan, and is currently around 19800 yuan / ton
.

In terms of market transactions, the scrap aluminum market this week is still tight, some holders due to losses to cover the goods, recycled aluminum manufacturers generally feedback that the goods are not good, Friday due to the rebound of the market, shipment merchants increased, but still up the price; Recently, due to the sharp decline in silicon prices, the price of cooked aluminum is relatively firm, the supply of cans is tight, the market is unstable, coupled with weak downstream orders, the inventory of recycled aluminum manufacturers is generally not high
.
It is also reported that due to heavy snowfall in the north, transportation was blocked, which affected some transactions
.

Market forecast, the market has no substantial support for the rebound of aluminum prices, beware of the risk of falling again; It is expected that scrap aluminum will fall steadily next week, and holders can appropriately reduce inventories
at high prices.