Weekly Review: New Aluminum Scrap Import Policy, Domestic Market Lags Behind Overseas, Limited Import Advantage

Weekly Review of Aluminum Scrap and Secondary Aluminum: New Policy on Aluminum Scrap Imports Implemented, Domestic Market Underperforms Overseas Market, Import Advantage Not Significant

This week, the domestic primary aluminum spot market fluctuated downward. Coupled with the imminent cancellation of export tax rebates for aluminum semis, market pessimism was prevalent, and SHFE aluminum struggled to rebound. During the week, aluminum scrap suppliers were actively selling, with spot aluminum scrap prices fluctuating rangebound around the primary aluminum market. The overall price difference between primary metal and scrap fluctuated rangebound.