The secondary aluminum market moves sideways, and the supply-demand weakness pattern continues during the off-season [Weekly Review of Aluminum Scrap and Secondary Aluminum].
[Aluminum Scrap and Secondary Aluminum Weekly Review: Secondary Aluminum Market Moved Sideways, Off-Season Supply-Demand Weakness Pattern Continued] This week, aluminum scrap prices moved sideways overall. On July 16, SMM A00 spot aluminum prices closed at 23,170 yuan/mt, rebounding 220 yuan/mt from last Thursday. Regarding the price difference, on July 16, the price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan was 1,972 yuan/mt, and the price difference between A00 aluminum and shredded aluminum tense scrap was 658 yuan/mt, still at extremely low levels.