Aluminum Scrap Rises Along With Primary Aluminum, Market Trading Remains Moderate [Daily Review of Aluminum Scrap]

Published: Feb 28, 2025 14:56

Save

[Daily Review of Aluminum Scrap: Aluminum Scrap Follows Primary Aluminum's Rise, Market Trading Remains Moderate] In the short term, with the resumption of work and production in the upstream and downstream of aluminum scrap, the pressure on aluminum scrap procurement in the market has eased. However, constrained by the generally weak downstream demand with no improvement, aluminum scrap prices may fluctuate rangebound following primary aluminum.

SMM, February 28:

Spot primary aluminum rose by 50 yuan/mt compared to the previous trading day, with SMM A00 spot price closing at 20,600 yuan/mt. Aluminum scrap market quotations fluctuated rangebound following aluminum prices. Today's concentrated quotations for baled UBC aluminum scrap were at 15,050-15,850 yuan/mt (excluding tax), and shredded aluminum tense scrap was quoted at 16,350-17,950 yuan/mt (liquid aluminum, excluding tax). In the short term, with the resumption of work and production in the upstream and downstream of aluminum scrap, the pressure on aluminum scrap procurement in the market has eased. However, constrained by the generally weak downstream demand, there has been no significant improvement, and aluminum scrap prices may fluctuate rangebound following primary aluminum.

》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 to learn 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

16 hours ago

2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

[SMM Analysis]2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

16 hours ago

17 hours ago

Costs Drag Down Supply-Demand Pressure, Aluminum Auxiliary Material Prices Under Pressure and Weaken [SMM Analysis]

17 hours ago

Ningbo Xinlin Mold's Anhui Pilot Center for Mg-Al Alloy & Semi-Solid Molding Officially Operational

[SMM News] It was reported that the magnesium and aluminum alloy and semi-solid mold R&D pilot center of the Anhui Luan Die-casting Mold Plant No. 3 of Ningbo Xinlin Mold Technology Co., Ltd. was officially put into operation recently. The plant had commenced production in May 2024, and the launch of the pilot center marked a key breakthrough for Xinlin Mold in capacity layout, technological R&D, and market expansion, which will further strengthen its competitiveness in the high-end die-casting mold sector.

17 hours ago