Aluminum Scrap Declined Along with Aluminum Prices, Market Transactions Were Moderate [Aluminum Scrap Daily Review]

SMM March 31 News: Spot primary aluminum prices fell by 60 yuan/mt compared to the previous trading day, with SMM A00 spot prices reported at 20,560 yuan/mt. Aluminum scrap prices generally followed the downward trend of aluminum prices. Today, baled UBC aluminum scrap prices were lowered by 100 yuan/mt to 15,300-15,850 yuan/mt (excluding tax), while shredded aluminum tense scrap prices were collectively reduced by 0-100 yuan/mt to 16,250-17,100 yuan/mt (excluding tax). Aluminum scrap prices slightly declined along with aluminum prices today, with some traders holding back on sales due to cautious sentiment. Additionally, downstream demand remained sluggish, and scrap utilisation enterprises mainly engaged in just-in-time procurement, resulting in overall average market transactions. In the short term, aluminum scrap prices may fluctuate rangebound following primary aluminum prices. 》Order to view SMM metal spot historical prices