Scrap Aluminum Market Narrows Decline as Primary Aluminum Spot Prices Drop Sharply

**Daily Commentary on Scrap Aluminum: Spot Market for Primary Aluminum Drops Sharply, Scrap Aluminum Market Follows with a Narrow Decline**

SMM November 11th Report:

In the short term, as scrap aluminum prices remain at high levels, downstream recycled aluminum alloy production has weakened, and with poor profitability in the industry, demand for scrap aluminum has softened. Scrap aluminum holders have been more eager to offload their inventories at higher prices, leading to good circulation in the spot market for scrap aluminum. Consequently, scrap aluminum prices are relatively under pressure, and the price difference between refined and scrap aluminum is mainly widening. ...