Aluminum Prices Narrowly Adjust, Aluminum Scrap Remains Stable [Daily Review of Aluminum Scrap]

Published: Feb 18, 2025 14:21

Save

[Daily Review of Aluminum Scrap: Aluminum Prices Narrowly Adjusted, Aluminum Scrap Remains Mostly Stable]

SMM, February 18:

Spot primary aluminum prices dropped by 30 yuan/mt compared to the previous trading day, with SMM A00 spot price closing at 20,510 yuan/mt. Aluminum scrap market quotations remained basically stable, with baled UBC aluminum scrap prices unchanged at 15,150-15,950 yuan/mt (excluding tax), and shredded aluminum tense scrap prices steady at 16,650-18,150 yuan/mt (liquid aluminum, excluding tax). Due to weaker aluminum prices and relatively firm aluminum scrap prices, the price difference between primary metal and scrap slightly narrowed during the week. In the short term, traders have mostly resumed work, while downstream procurement demand steadily rebounded, leading to improved market transactions. The price difference between primary metal and scrap is expected to fluctuate slightly in the short term.

》Subscribe to view SMM historical spot metal prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

15 hours ago

US-Canada Tariff War Escalates: Retaliatory Measures and Bans on Goods Imposed

The US-Canada tariff war has escalated once again. Canada took the lead in imposing retaliatory tariffs on approximately $20 billion worth of US goods, and the US responded with tough countermeasures: starting September 15, a 50% tariff will be imposed on about 100 categories of Canadian products; starting September 29, imports of certain Canadian motor vehicles and dairy products will be further banned.

15 hours ago

ECB Raises Interest Rates by 25 Basis Points, Signals Further Hikes Amid Inflation Concerns

The European Central Bank announced a 25 basis point hike in all three key interest rates, in line with market expectations. The central bank noted that the Middle East conflict continues to push up inflation, and inflation is expected to remain well above the target level for an extended period. According to people familiar with the matter, ECB officials expect to raise rates further, with the next move possibly coming as soon as October.

15 hours ago

China's Auto Sales Drop 5.1% in August, NEV Sales Surge 17.8% YoY, Exports Up 65.3%

CAAM data shows that in August, China's auto sales were 2.712 million units, down 5.1% YoY. Among them, NEV performance was impressive, with sales reaching 1.643 million units, up 17.8% YoY, accounting for 60.6% of total new vehicle sales. In terms of exports, auto exports in August were 1.01 million units, up 65.3% YoY; NEV exports were 526,000 units, up 1.3x YoY.

15 hours ago