【Scrap Aluminum Daily Commentary: Scrap Aluminum Market Trading Remains Stable, Narrowing Gap between Refined Aluminum and Scrap Aluminum Prices】

SMM News on July 4th:

In recent days, the sentiment of the domestic primary aluminum market has fluctuated repeatedly, with the spot price of primary aluminum fluctuating narrowly at around 20,000 yuan. The scrap aluminum market has remained stable overall, but recently, due to tight scrap aluminum supply, scrap aluminum prices have shown a significant tendency to follow upward trends but not downward trends, leading to a narrowing gap between refined aluminum and scrap aluminum prices. As of today, the SMM A00 spot price is reported at 20,380 yuan...