Aluminum Prices Narrowly Adjust, Aluminum Scrap Remains Stable [Daily Review of Aluminum Scrap]

SMM, February 18:

Spot primary aluminum prices dropped by 30 yuan/mt compared to the previous trading day, with SMM A00 spot price closing at 20,510 yuan/mt. Aluminum scrap market quotations remained basically stable, with baled UBC aluminum scrap prices unchanged at 15,150-15,950 yuan/mt (excluding tax), and shredded aluminum tense scrap prices steady at 16,650-18,150 yuan/mt (liquid aluminum, excluding tax). Due to weaker aluminum prices and relatively firm aluminum scrap prices, the price difference between primary metal and scrap slightly narrowed during the week. In the short term, traders have mostly resumed work, while downstream procurement demand steadily rebounded, leading to improved market transactions. The price difference between primary metal and scrap is expected to fluctuate slightly in the short term.

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