[SMM Flash News] EU plans to impose a 15% tariff on aluminium scrap exports, effective September 9

Guangdong Chuanhong Industry steadfastly upholds integrity-based operations, builds on a professional team and efficient services, and drives synergistic growth in scale and benefits with a new-era business philosophy.

[SMM Aluminum Alloy Daily Review] SMM ADC12 price rose 100 yuan/mt from the previous day to 23,950 yuan/mt, with the market center moving further upward. The core driver behind the price increase remained the cost side, as aluminum scrap prices stayed high, tight supply of compliant raw materials and persistent tax invoice cost pressure kept enterprise production costs elevated. Although downstream demand was mediocre, with limited incremental orders, and downstream procurement was still mainly based on essential restocking, enterprises were more consistent in their willingness to hold prices firm amid strong cost support.