【Scrap Aluminum Daily Review: Import Scrap Aluminum Decreases in Stages, Domestic Scrap Aluminum Prices Maintain a Strong Vibration】

SMM, May 16:

Today, the primary aluminum market was boosted by macroeconomic factors and destocking, with Shanghai aluminum futures quickly rising and spot prices surging compared to yesterday. The SMM A00 spot price closed at 20,680 yuan/ton, up 210 yuan/ton from yesterday. The scrap aluminum market generally followed the upward trend, but trading performance was average. Scrap aluminum holders in Jiangsu, Zhejiang, and Shanghai basically raised their prices by 150-200 yuan/ton, while downstream scrap-consuming enterprises maintained rigid demand for procurement, with procurement prices increasing by 0-100 yuan/ton. In South China, scrap aluminum prices rose by 100-150 yuan/ton today...