A00 fluctuates rangebound, aluminum scrap market consolidates at high levels [Daily Review of Aluminum Scrap]

Published: Jul 15, 2025 14:03

Save

SMM News on July 15:

Today, spot primary aluminum prices saw a slight rebound of 40 yuan/mt compared to the previous trading day. SMM A00 aluminum ingot prices closed at 20,510 yuan/mt, with the overall aluminum scrap market experiencing a significant increase. Currently in the traditional off-season, downstream scrap utilization enterprises are facing weak order releases, with procurement mainly driven by immediate needs.

Today, the centralized quoted price for baled UBC aluminum scrap ranges from 15,200 to 15,700 yuan/mt (tax not included), while the centralized quoted price for shredded aluminum tense scrap ranges from 15,900 to 17,400 yuan/mt (tax not included). By product, baled UBC aluminum scrap prices rebounded by 50 yuan/mt compared to yesterday, generally following the increase in 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 Hunan, Guangdong, Anhui, and other regions, price adjustments lagged behind aluminum price movements, with quoted prices remaining unchanged from yesterday. According to secondary aluminum enterprises, the current secondary aluminum alloy prices are low. Although scrap recycling is challenging, due to poor production starts, the upside room for prices is also limited.

The price difference between A00 aluminum and mechanical casting aluminum scrap in Shanghai narrowed by 14 yuan/mt compared to yesterday, reaching 1,848 yuan/mt. The price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan widened by 40 yuan/mt compared to yesterday, reaching 1,675 yuan/mt.

It is expected that the aluminum scrap market will continue to fluctuate at highs this week, with product differentiation and regional differences persisting. Shredded aluminum tense scrap is expected to maintain its price resilience due to strong supply constraints, with prices likely to fluctuate rangebound within the 15,500 to 17,000 yuan/mt range. Baled UBC aluminum scrap, constrained by weak demand during the off-season, faces significant downward pressure, with prices possibly dropping to the 15,000 to 15,500 yuan/mt range.

》Subscribe to view historical SMM metal spot 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

Feb 7, 2026 17:24

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.

Feb 7, 2026 17:24

Feb 7, 2026 17:23

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.

Feb 7, 2026 17:23

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.

Feb 7, 2026 17:23