Scrap Aluminum Market: September Supply-Demand Surge Widens Price Gap with Refined Aluminum, SMM Reports

Published: Oct 12, 2024 19:09

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【SMM Analysis: Both Supply and Demand in the Scrap Aluminum Market Increased in September, Widening the Price Gap Between Refined and Scrap Aluminum】SMM news on October 12: In September, the domestic primary aluminum market rebounded rapidly, and the price of scrap aluminum, based on a tight supply, mainly followed the high volatility of the primary aluminum market. In the first ten days of September, the price fluctuated narrowly, and holders were bullish and reluctant to sell. In the last ten days of September, as prices rebounded rapidly and downstream pre-holiday stocking demand increased, the willingness of scrap aluminum holders to cash out intensified, and spot circulation increased. However, prices remained strongly supported. Some types of scrap aluminum, such as crushed secondary aluminum and aluminum can scrap, were in short supply, leading to significant price increases. Nevertheless, the purchasing power of downstream buyers for mainstream scrap aluminum products, such as scrap aluminum profiles, declined due to excessively high prices...

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