Aluminum Scrap Prices Fluctuate Rangebound, Market Purchases as Needed [Daily Aluminum Scrap Review]

SMM March 21: Spot primary aluminum fell 20 yuan/mt from the previous trading day, with SMM A00 spot closing at 20,790 yuan/mt. The aluminum scrap market saw minor adjustments today, with downstream players maintaining purchasing as needed. Baled UBC prices were concentrated at 15,250-16,100 yuan/mt (excluding tax), and shredded aluminum tense scrap prices were concentrated at 16,450-17,950 yuan/mt (excluding tax). In the short term, the weak supply and demand situation for domestic aluminum scrap is unlikely to see significant improvement. Coupled with primary aluminum and aluminum scrap prices fluctuating at highs, downstream players will only maintain purchasing as needed, and aluminum scrap prices may fluctuate rangebound following primary aluminum. 》Order to view SMM metal spot historical prices