October 24 Minxin Steel Steel Scrap Purchase Quotation

[SMM Aluminum Alloy Daily Review] Futures, the aluminum alloy 2604 contract bottomed out intraday and then rebounded. After opening lower in the morning session, it quickly dipped to 23,295 yuan/mt before fluctuating upward. In the afternoon, bulls stepped up, and prices rose steadily, pulling back slightly toward the close to end at 23,680 yuan/mt, up 0.04%. Spot cargo, secondary aluminum alloy enterprises generally revised their quotes downward, with most cuts in the 100–300 yuan/mt range. During the week, volatility intensifies in futures and downstream wait-and-see sentiment strengthened, prompting some enterprises to slightly lower quotes to control order-taking risks. Meanwhile, tight supply of aluminum scrap raw materials and elevated procurement costs provided strong support for pr

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As global focus on sustainable development intensifies, the recycling and reuse of metal resources can effectively reduce waste, alleviate environmental pollution, and drive the green transformation of the economy. With deeper global integration in the secondary metals industry, international scrap yards and traders are playing an increasingly vital role.