Aluminum Scrap Declines Significantly, Market Transactions Have Yet to Improve [Daily Review of Aluminum Scrap]

Published: Mar 19, 2025 13:25

Save

【Daily Review of Aluminum Scrap: Noticeable Decline in Aluminum Scrap Prices, Market Transactions Yet to Improve】 In the short term, the domestic aluminum scrap market's weak supply and demand situation is unlikely to see significant improvement. Coupled with primary aluminum and aluminum scrap prices fluctuating at highs, downstream buyers are only maintaining purchasing as needed. Aluminum scrap prices may fluctuate rangebound, following primary aluminum.

SMM, March 19:

Today, spot primary aluminum prices dropped by 200 yuan/mt compared to the previous trading day, with SMM A00 spot aluminum closing at 20,590 yuan/mt. The aluminum scrap market followed the decline significantly today; however, constrained by the lack of improvement in end-user orders, downstream maintained purchasing as needed. Today's centralized quotations for baled UBC aluminum scrap ranged from 15,100 to 16,000 yuan/mt (excluding tax), while shredded aluminum tense scrap was quoted between 16,350 and 17,850 yuan/mt (excluding tax). In the short term, the domestic aluminum scrap supply and demand remain weak, with no significant improvement expected. Coupled with the high-level fluctuation of primary aluminum and aluminum scrap prices, downstream is likely to continue purchasing as needed, 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

13 hours ago

Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution

Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.

13 hours ago

Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation

All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.

13 hours ago

Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027

The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.

13 hours ago