Primary Aluminum Slightly Down, Aluminum Scrap Largely Stable; Aluminum Scrap Market Recovering [Daily Aluminum Scrap Review]

SMM, February 13:

Today, primary aluminum spot prices fell by 30 yuan/mt compared to the previous trading day. SMM A00 spot price closed at 20,510 yuan/mt. Aluminum scrap market quotations were largely stable, as suppliers gradually resumed work and production. Market activity improved WoW. Today, baled UBC aluminum scrap was quoted at 15,150-15,900 yuan/mt (tax excluded), and shredded aluminum tense scrap was quoted at 16,650-17,950 yuan/mt (liquid aluminum, tax excluded). In the short term, the aluminum scrap market remains in an off-season atmosphere. Currently, aluminum scrap traders are gradually resuming operations, and downstream buyers are purchasing as needed. Market transactions have improved, and the short-term price difference between primary metal and scrap is expected to remain volatile.

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