Aluminum scrap fluctuated within a narrow range following aluminum prices, with moderate market trading activity. [Daily Review of Aluminum Scrap]

SMM March 26 News: Spot primary aluminum prices rose slightly by 20 yuan/mt compared to the previous trading day, with the SMM A00 spot price at 20,670 yuan/mt. Aluminum scrap prices remained basically stable, and downstream buyers maintained purchasing as needed. Today, the quoted price for baled UBC aluminum scrap remained unchanged at 15,250-16,050 yuan/mt (excluding tax), while shredded aluminum tense scrap was quoted at 16,450-17,450 yuan/mt (excluding tax). Currently, aluminum scrap traders are relatively active in selling, but downstream orders remain insufficient. With aluminum prices fluctuating at high levels, downstream buyers mainly purchase as needed, showing low sentiment for stockpiling. In the short term, aluminum scrap prices may follow primary aluminum prices in a rangebound fluctuation. 》Order to view SMM metal spot historical prices