[Daily Review of Aluminum Scrap: Primary Aluminum Prices Fluctuate Rangebound, Aluminum Scrap Market Transactions Remain Sluggish] SMM, November 25:
In the short term, as winter sets in across north China, the purchase volume at some yards has decreased. Subsequently, the supply of aluminum scrap is tightening. Downstream secondary aluminum processing enterprises are also gradually entering the off-season. The aluminum scrap market is experiencing weak supply and demand. In the short term, prices are likely to fluctuate rangebound around primary aluminum spot prices. Some varieties may see reduced seasonal supply, which could support prices.
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