Cost support combined with demand constraints keeps ADC12 prices moving sideways at high levels [Aluminum Scrap and Secondary Aluminum Weekly Review]
[Weekly Review on Aluminum Scrap and Secondary Aluminum: ADC12 Price Moves Sideways at High Levels as Cost Support Overlaps with Demand Constraints] This week, China’s aluminum scrap market prices were relatively stable, and the price difference between A00 aluminum and aluminum scrap widened again against the backdrop of aluminum scrap struggling to catch up. On the price side, driven by macro and capital sentiment, primary aluminum prices continued to rise. As of August 6, SMM A00 aluminum price closed at 23,800 yuan/mt, significantly up by 170 yuan/mt compared to last Thursday, while aluminum scrap raw material prices showed limited fluctuations overall.