Steel Scrap Purchase Price Adjustment by Anyang Iron & Steel in Henan on February 5

[SMM Aluminum Alloy Flash News] Futures side, the most-traded aluminum alloy 2604 contract opened at 23,580 yuan/mt in early trading, briefly rose to 23,670 yuan/mt, and then, affected by long position reductions, fell in waves to a low of 23,380 yuan/mt. As of the midday close, the latest price stood at 23,425 yuan/mt, down 325 yuan/mt from the previous trading day's settlement price, a decline of 1.37%. Spot side, the ADC12 market generally trended downward today, with mainstream producers mostly lowering quotes by 100 yuan/mt. Affected by the pullback in aluminum prices, cost support weakened, and enterprises adjusted quotes accordingly, but the overall extent of adjustments remained relatively restrained, with market sentiment staying cautious.

[SMM Tin Midday Commentary: Under Macro Pressure, SHFE Tin Contracts Fell to 366,000, and Trading in the Spot Market Was Relatively Active]

[SMM Flash] Inventory of secondary aluminum alloy ingots in China's major consumption hubs increased slightly by 40 mt from the previous day today.