Aluminum Prices Stabilize in Short Term, Suppliers of Aluminum Scrap Have Different Intentions to Adjust Prices 【Daily Review of Aluminum Scrap】

SMM, May 9:

Today, spot primary aluminum prices fell by 10 yuan/mt from the previous trading day. SMM A00 spot aluminum closed at 19,610 yuan/mt, while the overall aluminum scrap market prices remained unchanged. After the Labour Day holiday, the operating rate of the secondary aluminum industry declined overall. Downstream processing enterprises experienced weak order releases, with procurement mainly driven by immediate needs.
Today, the quoted prices for baled UBC aluminum scrap were concentrated at 14,800-15,400 yuan/mt (tax excluded), while the quoted prices for shredded aluminum tense scrap were concentrated at 15,650-17,150 yuan/mt (tax excluded). Regionally, quoted prices in Hunan, Foshan, Hubei, and other places remained unchanged. In Jiangxi, the overall prices of wrought aluminum alloy scrap increased by 100-200 yuan/mt. Prices in other regions, such as Shanghai, Jiangsu, and Henan, followed A00 aluminum with slight adjustments, with price adjustments ranging from 10-30 yuan/mt.

In terms of the price difference between A00 aluminum and aluminum scrap, the price spread between A00 aluminum and mechanical casting aluminum scrap in Shanghai was recorded at 1,871 yuan/mt. The price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan was recorded at 1,386 yuan/mt, with the price spread between A00 aluminum and aluminum scrap narrowing slightly in the short term.
In the short term, the aluminum scrap market is likely to maintain a pattern of fluctuating at highs. However, if primary aluminum experiences strong fluctuations due to macro factors (such as US Fed policies, geopolitical conflicts), or if domestic secondary aluminum enterprises implement concentrated production cuts, aluminum scrap prices may face periodic pressure.

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