Aluminum Prices Plunged Sharply, Narrowing the Price Difference Between A00 Aluminum and Aluminum Scrap [Daily Review of Aluminum Scrap]

SMM March 27 News: Spot primary aluminum prices fell significantly by 190 yuan/mt compared to the previous trading day, with SMM A00 spot aluminum at 20,620 yuan/mt. Aluminum scrap prices generally followed the downward trend of aluminum prices. Today, the price of baled UBC was lowered by 100 yuan/mt to 15,300-16,050 yuan/mt (excluding tax), while the price of shredded aluminum tense scrap was adjusted downward by 0-100 yuan/mt to 16,350-17,350 yuan/mt (excluding tax). The decline in aluminum scrap prices was weaker than that of primary aluminum, and the price difference between A00 aluminum and aluminum scrap narrowed slightly. Current downstream demand remains sluggish, with scrap utilisation enterprises mainly making just-in-time procurement, and raw material inventory remains at low levels. Overall market transactions are moderate. In the short term, aluminum scrap prices may fluctuate rangebound following primary aluminum. 》Order to view SMM metal spot historical prices