Weekly Review: Aluminium Scrap Prices Rise, Supply Tightness Eases Slightly  

SHANGHAI, Jun 5 (SMM) – Spot A00 aluminium prices were in an upward trend last week, except for brief drop in the middle of the week, climbing to 18,570 yuan/mt on Friday, up 410 yuan/mt or 2.26% from a week ago. Aluminium scrap prices barely changed initially, but mostly rose 300-400 yuan/mt in the second half of the week. The price difference between primary aluminium and aluminium scrap expanded last week, especially in south China. Aluminium scrap supply picked up after prices rebounded, but remained relatively tight. Downstream enterprises restocked as needed amid falling orders and rising raw material prices. Tight supply and slack demand will keep aluminium scrap prices largely stable.