【Daily Scrap Aluminum Review: Scrap Aluminum Prices Tend to Be Stronger Due to the Implementation of "Reverse Invoicing" and Tight Supply and Demand】

SMM News on May 6th:

On the first day after the holiday, the domestic primary aluminum market experienced narrow fluctuations, but the expected inventory accumulation in the post-holiday primary aluminum market did not materialize. The Shanghai aluminum futures market showed a strong and volatile trend. The SMM A00 price closed at 20,540 yuan/ton, up 10 yuan/ton compared to before the holiday. During the holidays, due to transactions still occurring in the scrap aluminum market, holders of goods flexibly adjusted prices based on their own costs and inventory conditions. The fluctuation range of scrap aluminum prices during the holidays was mostly within 100 yuan/ton. Today, the demand for downstream inventory preparation is good, and the trading volume of scrap aluminum has improved. However, due to the policy of "reverse invoicing"...