Baled UBC Prices Remain Firm, With Price Difference Between Primary Metal and Scrap Fluctuating Rangebound in the Short Term [Daily Aluminum Scrap Review]

Publicado: Jan 14, 2025 14:20
[Daily Review of Aluminum Scrap: Baled UBC Prices Remain Firm, Short-Term Price Difference Between Primary Metal and Scrap Fluctuates Rangebound]

SMM, January 14:

Today, spot primary aluminum rose by 10 yuan/mt compared to the previous trading day, with the SMM A00 spot price closing at 20,160 yuan/mt. Aluminum scrap market quotations remained largely stable, while baled UBC prices increased by 100 yuan/mt from yesterday, mainly due to tight upstream supply and sustained downstream demand, with undersupply persisting. Currently, suppliers have reduced their willingness to sell, as most small and medium-sized enterprises in the downstream sector have entered the holiday period, and large enterprises primarily focus on stable long-term contract supply. Overall, downstream stockpiling enthusiasm before the holiday remains low.

Today, baled UBC aluminum scrap was quoted at 14,850-15,725 yuan/mt (excluding tax), and shredded aluminum tense scrap was quoted at 16,250-17,750 yuan/mt (liquid aluminum, excluding tax).

As the Chinese New Year holiday approaches, traders exhibit a reluctance to sell, some small factories have started their holiday break, and market supply has tightened, leading to moderate overall transactions. In the short term, the price difference between primary metal and scrap is expected to fluctuate rangebound.

 

 

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Baled UBC Prices Remain Firm, With Price Difference Between Primary Metal and Scrap Fluctuating Rangebound in the Short Term [Daily Aluminum Scrap Review] - Shanghai Metals Market (SMM)