Aluminum prices have risen sharply, while the overall increase in aluminum scrap prices has been limited [Daily Review of Aluminum Scrap]

Published: Jun 27, 2025 14:40

Save

SMM June 27 Report:

Today, spot primary aluminum prices rose sharply by 280 yuan/mt compared to the previous trading day. SMM A00 aluminum ingot prices closed at 20,890 yuan/mt. Aluminum scrap market prices generally followed the upward trend, but the increase was limited. Currently in the traditional off-season, downstream scrap utilization enterprises are experiencing weak order releases, with procurement mainly driven by immediate needs.

Today, the quoted prices for baled UBC aluminum scrap are concentrated in the range of 15,300-15,800 yuan/mt (tax not included), while the quoted prices for shredded aluminum tense scrap are concentrated in the range of 15,900-17,400 yuan/mt (tax not included). Regionally, Shanghai, Jiangsu, Shandong, Henan, and other regions closely followed aluminum price movements, with price adjustments ranging from 200-250 yuan/mt. Jiangxi, Foshan, and other regions lagged behind in price adjustments, with adjustments ranging from 100-200 yuan/mt depending on the product. By product, baled UBC aluminum scrap and shredded aluminum tense scrap prices rose slightly by 100 yuan/mt compared to yesterday. New wrought aluminum alloy scrap and clean tapping aluminum wire prices rose by 200 yuan/mt compared to yesterday, closely following the upward trend of primary aluminum.

In terms of the price difference between A00 aluminum and aluminum scrap, the price difference between A00 aluminum and mechanical casting aluminum scrap in Shanghai rose by 8 yuan/mt compared to yesterday, expanding to 1,848 yuan/mt. The price difference between A00 aluminum and aluminum extrusion scrap in Foshan increased by 180 yuan/mt compared to yesterday, expanding to 1,738 yuan/mt.

Considering the actual difficulty in shipping goods, aluminum scrap suppliers are adopting a cautious and wait-and-see attitude towards price adjustments amid the high-level fluctuations of aluminum prices. Next week, the aluminum scrap market is expected to continue its pattern of high-level fluctuations.

》Subscribe to view SMM metal spot historical prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution

Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.

8 hours ago

Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation

All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.

8 hours ago

Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027

The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.

8 hours ago