Aluminum prices rebound strongly, while aluminum scrap quotes in some regions choose to stand still [Daily Review of Aluminum Scrap]

Published: Jul 10, 2025 13:54

Save

SMM July 10 Report:

Today, spot primary aluminum prices rose by 160 yuan/mt compared to the previous trading day. SMM A00 aluminum ingot prices closed at 20,820 yuan/mt, and aluminum scrap market prices continued to rebound overall. Amid the traditional off-season, downstream scrap utilization enterprises are experiencing weak order releases, with procurement mainly driven by immediate needs.

Today, the centralized quotes for baled UBC aluminum scrap range from 15,350 to 15,800 yuan/mt (tax-exclusive), while shredded aluminum tense scrap quotes range from 15,900 to 17,400 yuan/mt (tax-exclusive). By product, baled UBC aluminum scrap prices rose by 50 yuan/mt MoM from yesterday, slightly following the aluminum price increase. By region, Shanghai, Jiangsu, Shandong, and other areas closely followed aluminum price movements, with price adjustments ranging from 100 to 150 yuan/mt. In Guizhou, Hunan, Guangdong, Jiangxi, and other areas, price adjustments lagged behind aluminum price movements, with quotes remaining unchanged from yesterday. According to secondary aluminum enterprises, secondary aluminum alloy prices are currently low. Although scrap recycling is challenging, due to poor production starts, the upside room for prices is also limited.

In terms of the price difference between A00 aluminum and aluminum scrap, the price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan increased by 160 yuan/mt MoM from yesterday, further expanding to 1,975 yuan/mt. The price difference between A00 aluminum and mechanical casting aluminum scrap in Shanghai decreased by 3 yuan/mt MoM from yesterday, narrowing to 1,832 yuan/mt.

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 resilient and are expected to fluctuate rangebound within the 15,800-17,400 yuan/mt range. Baled UBC aluminum scrap may continue its downward trend due to off-season demand, possibly dipping to 15,200-15,700 yuan/mt. Subsequent attention should be paid to marginal changes in raw material circulation and signals of terminal order recovery.

》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

23 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.

23 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.

23 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.

23 hours ago