[Scrap aluminum daily review: downstream enterprises are not active in production, and the price gap between refined and scrap aluminum is expected to widen in the short term]

SMM News, June 4:

The primary aluminum market witnessed a slight rebound today. The spot price of SMM A00 was quoted at 21,190 yuan per ton, an increase of 100 yuan per ton compared with yesterday. The scrap aluminum market performed poorly. The downstream recycled aluminum alloy prices stalled, and the industry was in a state of loss, resulting in low enthusiasm for purchasing scrap aluminum. Today, scrap aluminum prices remained flat in many places. In the East China region, some familiar aluminum prices rose by around 100 yuan per ton, while raw aluminum alloys such as cast aluminum, hub, and other aluminum alloys followed the rise, but the increase was weak. The procurement prices of large recycled aluminum alloys mostly remained stable.