The price range of A00 aluminium narrowed in June, with its mainstream price range at 18,500-19,000 yuan/mt. Aluminium scrap prices fluctuated less than 400 yuan/mt.
Aluminium scrap market saw weaker supply and demand in June. The off-season of aluminium processing industry arrived, with secondary casting aluminium alloy being affected the most.
The monthly import of aluminium scrap slumped from over 100,000 mt to around 30,000 mt as customs inspections have become stricter since May.
Prices of aluminium scrap tense saw smaller fluctuations as they were more affected by of secondary casting aluminium alloy market and aluminium scrap imports, while prices of aluminium scrap taint mostly followed the movement of primary aluminium and were thus more volatile.
Aluminium scrap imports are expected to remain at a relatively low level in July. Supply and demand of aluminium scrap will remain weak in the off-season. The price of aluminium scrap will continue to trade in a narrow range and climb slower than aluminium prices.
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