[SMM Analysis: Multiple Factors Stimulate Continued Import of Domestic Scrap Aluminum in May] SMM News on June 24: In May 2024, the domestic import volume of scrap aluminum decreased by 14% from the previous month, but increased by 11.3% year on year to around 155,000 tons. In June, SMM expects the import volume of scrap aluminum to maintain a downward trend compared with the previous month, mainly due to the following reasons: ① The price difference between domestic and foreign aluminum remains inverted, and the import profit of scrap aluminum is still poor. ② In June, the operating rate of domestic recycled aluminum alloy enterprises was low, and the demand for overseas scrap aluminum products such as raw aluminum was poor. ③ Europe, the United States, India, etc. ... ...