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

Published: Feb 28, 2025 14:56

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[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.

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