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Home / Metal News / Aluminum Price Center Continues to Decline, Price Difference Between Primary Metal and Scrap Narrows Again [Daily Review of Aluminum Scrap]

Aluminum Price Center Continues to Decline, Price Difference Between Primary Metal and Scrap Narrows Again [Daily Review of Aluminum Scrap]

iconDec 18, 2024 13:55
Source:SMM
Daily Review of Aluminum Scrap: Aluminum Price Center Continues to Decline, Price Difference Between Primary Metal and Scrap Narrows Again
Today, aluminum prices remained below the 20,000 yuan/mt threshold, with aluminum scrap prices showing only slight declines. Currently, aluminum scrap supply is tight, and suppliers are reluctant to sell at low prices amid continuous price drops, showing strong sentiment to hold onto inventory. Today, SMM A00 spot aluminum closed at 19,790 yuan/mt, down 110 yuan/mt from yesterday, while domestic aluminum scrap prices followed with a decline in the range of 0-100 yuan/mt. Today's baled UBC aluminum scrap prices were adjusted down by 100-150 yuan/mt to 14,950-15,425 yuan/mt (excluding tax), and shredded aluminum tense scrap prices were adjusted down by 0-100 yuan/mt to 15,900-17,100 yuan/mt (liquid aluminum, excluding tax). Re-melting ingot prices also fell by 100-150 yuan/mt along with aluminum prices. Recently, there has been an inversion in overseas re-melting ingot imports, and future port arrivals of re-melting ingots are expected to decline. In the short term, as north China enters winter, some yards are seeing reduced purchase volumes. Meanwhile, due to port clearance delays and the inverted price spread between domestic and overseas markets, the replenishment of imported aluminum scrap remains limited, leading to continued tight circulation of aluminum scrap. Under undersupply conditions, short-term aluminum scrap prices are not falling significantly, and the price difference between primary metal and scrap has narrowed.

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