Cost Support and Off-Season Pressure Coexist, Secondary Aluminum Prices Continue to Move Sideways [Aluminum Scrap and Secondary Aluminum Weekly Review]
[Aluminum Scrap and Secondary Aluminum Weekly Review: Cost Support and Off-Season Pressure Coexist, Secondary Aluminum Prices Continue to Move Sideways] This week, the aluminum scrap market continued to see a tug-of-war between cost floor support and weak off-season demand, with prices moving sideways. On July 9, the SMM A00 spot aluminum price closed at around 22,950 yuan/mt. The decline in aluminum scrap prices was consistently smaller than that of primary aluminum, maintaining its resilience.