Aluminum Scrap Prices Slightly Increase Amid Stability, Market Transactions Remain Average [Daily Review of Aluminum Scrap]

Published: Mar 3, 2025 14:40
[Daily Review of Aluminum Scrap: Aluminum Scrap Prices Slightly Increased Amid Stability, Market Transactions Remain Moderate] Today, primary aluminum spot prices rose by 30 yuan/mt compared to the previous trading day, with SMM A00 spot aluminum closing at 20,630 yuan/mt. Aluminum scrap market quotations followed aluminum prices with slight increases amid stability. Currently, aluminum scrap traders show good selling sentiment, but downstream scrap utilisation enterprises' demand falls short of expectations, focusing mainly on bargain down purchasing prices, resulting in overall moderate transactions.

SMM, March 3:

Today, primary aluminum spot prices rose by 30 yuan/mt compared to the previous trading day. SMM A00 spot price closed at 20,630 yuan/mt. Aluminum scrap market quotations followed aluminum prices with slight increases. Today's concentrated quotations for baled UBC aluminum scrap were at 15,050-15,850 yuan/mt (excluding tax), while shredded aluminum tense scrap prices rose by 0-50 yuan/mt to 16,350-17,950 yuan/mt (excluding tax). Currently, aluminum scrap traders are showing positive sentiment in shipments, but downstream scrap utilisation enterprises' demand is below expectations, primarily engaging in bargain down purchasing prices, with overall transactions being moderate. In the short term, aluminum scrap prices are expected to continue to fluctuate rangebound with 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
New Aluminum Compound Could Replace Rare Metals, Reducing Costs and Boosting Sustainability
May 9, 2026 18:37
New Aluminum Compound Could Replace Rare Metals, Reducing Costs and Boosting Sustainability
Read More
New Aluminum Compound Could Replace Rare Metals, Reducing Costs and Boosting Sustainability
New Aluminum Compound Could Replace Rare Metals, Reducing Costs and Boosting Sustainability
On May 8, scientists at King's College London in the UK developed a powerful new-type aluminum compound whose unique triangular structure endows it with extraordinary stability and reactivity, enabling it to replace expensive rare metals and thereby significantly reduce costs. This discovery is expected to give rise to more environmentally friendly and economical industrial processes, and even create entirely new materials. The related findings were published in the latest issue of *Nature Communications*.
May 9, 2026 18:37
Sichuan-Chongqing UHV AC Reinforcement Project Approved with 15.46 Billion Yuan Investment
May 9, 2026 18:36
Sichuan-Chongqing UHV AC Reinforcement Project Approved with 15.46 Billion Yuan Investment
Read More
Sichuan-Chongqing UHV AC Reinforcement Project Approved with 15.46 Billion Yuan Investment
Sichuan-Chongqing UHV AC Reinforcement Project Approved with 15.46 Billion Yuan Investment
Recently, the Sichuan-Chongqing UHV AC reinforcement project received approval from the National Development and Reform Commission (NDRC). With a total investment of 15.46 billion yuan, the project will construct two new 1000 kV substations in northern Sichuan and eastern Chongqing, adding 12 million kVA of transformer capacity, and build 2×490 km of 1000 kV double-circuit lines including the Chuanbei–Yudong–Bayue route. It is reported that this project is an important component of the Sichuan-Chongqing UHV AC backbone grid, capable of supporting the integration of the Xinjiang-to-Sichuan/Chongqing DC receiving-end converter stations and electricity consumption. It is also one of the 12 national planned power flexible mutual support projects, which is conducive to enhancing inter-provincial power mutual support, surplus-deficit complementation, and emergency accident assistance capabilities between Sichuan and Chongqing. The project is of great significance for ensuring safe and reliable power supply in our province and supporting the construction of a unified national electricity market.
May 9, 2026 18:36
EU Prepared for All Scenarios Amid US Auto Tariff Threats
May 9, 2026 17:55
EU Prepared for All Scenarios Amid US Auto Tariff Threats
Read More
EU Prepared for All Scenarios Amid US Auto Tariff Threats
EU Prepared for All Scenarios Amid US Auto Tariff Threats
In response to the auto tariff threats made by US President Trump, European Commission President von der Leyen stated that the EU was prepared for "all scenarios." Previously, Trump had threatened to raise tariffs on EU cars exported to the US from 15% to 25%.
May 9, 2026 17:55
Aluminum Scrap Prices Slightly Increase Amid Stability, Market Transactions Remain Average [Daily Review of Aluminum Scrap] - Shanghai Metals Market (SMM)