Daily Review: Aluminum Futures Fluctuate, Scrap Market Transactions Pick Up Ahead of Weekend

[Daily Review of Aluminum Scrap: Primary Aluminum Futures Declined First and Then Rose, Aluminum Scrap Market Transactions Improved Today]

SMM, November 29:

Today, domestic primary aluminum spot market prices slightly declined, but futures rose in the afternoon. Sentiment in the aluminum scrap market improved, and with the weekend approaching, downstream stocking demand increased, leading to active transactions in the aluminum scrap market. Today, SMM A00 spot closed at 20,360 yuan/mt, down 40 yuan/mt from yesterday. Domestic aluminum scrap followed with a decline in the range of 0-50 yuan/mt.