






SMM July 9 News:
Today, spot primary aluminum prices rose by 60 yuan/mt compared to the previous trading day. SMM A00 aluminum ingot prices closed at 20,660 yuan/mt. Overall, aluminum scrap market prices continued to rebound. Currently in the traditional off-season, downstream scrap utilization enterprises have seen weak order releases, with procurement mainly driven by immediate needs.
Today, the centralized quoted price for baled UBC aluminum scrap ranges from 15,300 to 15,800 yuan/mt (tax-exclusive), while the quoted price for shredded aluminum tense scrap ranges from 15,900 to 17,400 yuan/mt (tax-exclusive). By product, baled UBC aluminum scrap prices rebounded by 50 yuan/mt MoM from yesterday, following the upward trend of aluminum prices. By region, Shanghai, Jiangsu, Shandong, and other places closely followed aluminum price movements, with price adjustments ranging from 50 to 100 yuan/mt. In Guizhou, Hunan, and other regions, price adjustments lagged behind aluminum price movements, with quoted prices remaining unchanged from yesterday. After raising aluminum scrap prices yesterday, Jiangxi region chose to maintain stability today, digesting the previous proactive price adjustment sentiment.
This week, the aluminum scrap market is expected to hover at highs, with cautious price adjustments. Supported by tight supply, shredded aluminum tense scrap prices are expected to remain resilient, fluctuating rangebound within the 15,800 to 17,400 yuan/mt range. Baled UBC aluminum scrap may continue its downward trend due to off-season demand pressures, possibly dipping to 15,200 to 15,700 yuan/mt. Subsequent developments require close attention to marginal changes in raw material circulation and signals of terminal order recovery.
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