Within the week, the price difference between A00 aluminum and aluminum scrap widened, and some aluminum scrap prices saw slight adjustments [Daily Aluminum Scrap Review]

SMM, September 4:

Today, SMM A00 aluminum prices closed at 24,360 yuan/mt, up slightly by 10 yuan/mt from the previous trading day, while the aluminum scrap market remained broadly stable. In terms of price spreads, on September 4, the price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan stood at approximately 2,431 yuan/mt, and the price difference between A00 aluminum and shredded aluminum tense scrap stood at approximately 1,266 yuan/mt, widening further WoW. On the import side, the impact of the UAE export ban and the EU tariff hike continued, with the supply contraction from Europe and the Middle East unchanged. High-quality scrap with invoices remained generally tight, leaving limited room for import growth. A substantive recovery in end-use demand still requires monitoring, and the digestion of wrought aluminum alloy scrap inventory will take time. Scrap utilization enterprises are likely to continue purchasing as needed and maintain low-inventory operating strategies, with the pace of price increases expected to remain slow. Next week, the aluminum scrap market is expected to consolidate on a strong note with a slight upward shift in the price center. The mainstream trading range for shredded aluminum tense scrap (priced based on aluminum content) is expected to center around 20,300-21,000 yuan/mt, with close attention needed on the pace of downstream order recovery.