Daily Review: Primary Aluminum Market Declines, Scrap Supply Tightens Amid Moderate Transactions

[Daily Review of Aluminum Scrap: Primary Aluminum Market Weakens, Aluminum Scrap Supply Shrinks, Transactions Moderate] SMM, November 27:

Today, the primary aluminum market saw a slight decline. The aluminum scrap market mainly fluctuated rangebound. Northern regions experienced increased rain and snow, reducing purchases at cargo yards and decreasing market circulation. Downstream secondary aluminum enterprises primarily restocked based on immediate needs. Some companies, concerned about the impact of rain and snow on transportation, increased their purchases. Overall, market transactions were moderate. Today, SMM A00 spot cargo closed at 20,540 yuan/mt, down 60 yuan/mt from the previous day. Domestic aluminum scrap followed with a decline in the range of 0-50 yuan/mt.