Daily Analysis of Scrap Aluminum: Tight Supply of Scrap Aluminum, Limited Decline in the Market Today

SMM News on March 14: Recently, the primary aluminum market has been supported by macroeconomic bullishness and the slowing growth of inventory, leading to a relatively strong fluctuation in the futures market. Today, the price of primary aluminum has risen, with the average spot price of SMM East China increasing by 110 yuan/ton from the previous trading day to 19,260 yuan/ton; the average spot price of SMM Foshan primary aluminum has increased by 100 yuan/ton from the previous trading day to 19,210 yuan/ton. The price of primary aluminum has reached a high point since 2024...