Aluminum Prices Continue to Shift Downward; Aluminum Scrap Mainly Declines Across the Board [Daily Review of Aluminum Scrap]

Опубликовано: Jan 6, 2025 13:34
[Aluminum Scrap Daily Review: Aluminum Prices Continue to Shift Lower, Aluminum Scrap Prices Mainly Decline]

SMM, January 6:

Today, aluminum prices saw an expanded decline, with SMM A00 spot aluminum prices closing at 19,630 yuan/mt, down 220 yuan/mt from the previous trading day. The aluminum scrap market generally followed the downward trend. Today's concentrated quotes for baled UBC aluminum scrap were adjusted down by 0-300 yuan/mt to 14,750-15,525 yuan/mt (excluding tax), while shredded aluminum tense scrap quotes dropped by 100 yuan/mt to 16,000-17,300 yuan/mt (excluding tax). Today's aluminum scrap prices mainly followed the downward movement of aluminum prices. The price difference between primary metal and scrap slightly widened, but the circulation of aluminum scrap, especially aluminum tense scrap, remains tight. As the Chinese New Year holiday approaches, downstream scrap utilization enterprises are actively restocking, providing support for aluminum scrap prices. In the short term, the price difference between primary metal and scrap is expected to fluctuate rangebound.

 

 

》Subscribe to view SMM historical spot metal prices

Заявление об источниках данных: За исключением общедоступной информации, все остальные данные обрабатываются SMM на основе общедоступной информации, рыночного общения и с опорой на внутреннюю базу данных и модели SMM. Они приведены только для справки и не являются рекомендациями для принятия решений.

По любым вопросам или для получения дополнительной информации, пожалуйста, свяжитесь: lemonzhao@smm.cn
Для получения дополнительной информации о доступе к нашим исследовательским отчётам обращайтесь:service.en@smm.cn
Aluminum Prices Continue to Shift Downward; Aluminum Scrap Mainly Declines Across the Board [Daily Review of Aluminum Scrap] - Shanghai Metals Market (SMM)