A00 Rebound, Aluminum Scrap Prices Overall Follow the Rise [Aluminum Scrap Daily Review]

SMM August 26 news:

Today, SMM A00 spot aluminum prices closed at 23,870 yuan/mt, up 130 yuan/mt from the previous trading day, and China's aluminum scrap market prices generally followed the uptick. In terms of price differences, on August 26, the price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan was 2,354 yuan/mt, and the price difference between A00 aluminum and shredded aluminum tense scrap was 1,133 yuan/mt. On imports and exports, according to SMM customs data, China's aluminum scrap imports in July 2026 totaled about 119,600 mt, down from 133,000 mt in June, mainly due to the earlier price spread inversion between Chinese and overseas markets and shipping delays, with overseas high-quality scrap supply remaining low. Affected by the UAE's aluminum scrap export ban and the EU's tariff hike policy, the contraction effect of European and Middle Eastern supply continued to manifest, further consolidating Southeast Asia's position as a major supplementary source. The aluminum scrap market is expected to remain in a narrow sideways pattern this week, with demand suppressing and costs underpinning. Currently at the tail end of the traditional off-season, terminal orders are unlikely to see substantial growth; scrap utilization enterprises continue their purchasing-as-needed strategy with cautious sentiment, and the pre-season effect is not yet evident, requiring observation for future orders. The main operating range for shredded aluminum tense scrap (priced based on aluminum content) is expected to hover around 19,900-20,700 yuan/mt.