Aluminum Prices Rebound Sharply, Aluminum Scrap Mainly Rises Across the Board [Daily Review of Aluminum Scrap]

Published: Mar 6, 2025 14:02

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[Daily Review of Aluminum Scrap: Significant Rebound in Aluminum Prices, General Increase in Aluminum Scrap Prices] Today, the spot price of primary aluminum surged by 250 yuan/mt compared to the previous trading day, with SMM A00 spot aluminum closing at 20,800 yuan/mt. The aluminum scrap market mainly saw a general increase in quotations. Today, the price of baled UBC aluminum scrap rose by 100-250 yuan/mt to 15,250-15,950 yuan/mt (excluding tax), while the price of shredded aluminum tense scrap increased by 100 yuan/mt to 16,350-17,950 yuan/mt (excluding tax). As aluminum prices rose rapidly, the increase in aluminum scrap prices lagged behind, leading to a slight expansion in the price difference between primary metal and scrap.

SMM March 6 News:

Spot primary aluminum prices surged by 250 yuan/mt compared to the previous trading day, with SMM A00 spot prices closing at 20,800 yuan/mt. Aluminum scrap market quotations mainly increased, with baled UBC aluminum scrap prices rising by 100-250 yuan/mt to 15,250-15,950 yuan/mt (excluding tax), and shredded aluminum tense scrap prices increasing by 100 yuan/mt to 16,350-17,950 yuan/mt (excluding tax). As aluminum prices climbed rapidly, the increase in aluminum scrap prices lagged behind, leading to a slight expansion in the price difference between primary metal and scrap. Aluminum scrap traders were actively selling, but downstream scrap utilisation enterprises showed weak demand, resulting in overall moderate market transactions. In the short term, aluminum scrap prices are expected to continue to fluctuate rangebound following primary aluminum prices.

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