Aluminum scrap prices remained stable today. Downstream buyers purchased as needed during the off-season. [Daily Review of Aluminum Scrap]

SMM News on June 25:

Today, the spot price of primary aluminum fell by 10 yuan/mt compared to the previous trading day. SMM A00 spot aluminum closed at 20,530 yuan/mt, while the overall market price of aluminum scrap remained unchanged from yesterday. Amid the traditional off-season, downstream scrap utilization enterprises are experiencing weak order releases, with procurement primarily driven by immediate needs.

Today, the centralized quoted price for baled UBC aluminum scrap ranges from 15,200 to 15,700 yuan/mt (tax-exclusive), while the quoted price for shredded aluminum tense scrap ranges from 15,800 to 17,300 yuan/mt (tax-exclusive). Regionally, Shanghai, Jiangsu, Shandong, and other areas closely follow aluminum price trends, with price adjustments ranging from 0 to 50 yuan/mt. Jiangxi province has shown a clear stance of refusing to budge on prices, with no price adjustments observed this week. By product, baled UBC aluminum scrap has followed the downward trend of aluminum prices since last Thursday, with a cumulative price reduction of 150-200 yuan/mt.

Considering the difficulty in actual shipments, aluminum scrap suppliers have adopted a cautious and wait-and-see attitude towards price adjustments amid the fluctuating aluminum prices at highs. This week, the aluminum scrap market is expected to continue the pattern of "fluctuating at highs and product differentiation," remaining generally strong. Due to persistent supply shortages, aluminum tense scrap has demonstrated significant price resilience, with shredded aluminum tense scrap (tax-exclusive) fluctuating within the range of 15,800 to 17,400 yuan/mt, showing relatively limited declines. Baled UBC aluminum scrap is expected to undergo a mild price correction to 15,200-15,600 yuan/mt (tax-exclusive), with a potential weekly decline of 100-150 yuan/mt. Regional price differences will further widen: east China (Shanghai, Shandong) may experience daily price adjustments of up to 200 yuan/mt due to the linkage with primary aluminum prices and policy disruptions, resulting in significant volatility. Inland provinces (Jiangxi, Hubei, etc.) may lack the momentum to follow price increases due to supply and demand differentiation and lagging price adjustments, potentially leading to a further expansion of price differences.

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