Latest Update in the SMM Aluminum Scrap Market

The steel scrap procurement price adjustment for Anyang Steel in Henan was updated today. Please feel free to contact us if needed!

SMM Tin Futures Review: The Most-Traded SHFE Tin 2505 Contract Fluctuated Considerably, Tariff Impact and Tug-of-War Between Sellers and Buyers. On April 17, 2025, the most-traded SHFE tin 2505 contract closed at 257,770 yuan/mt during the daytime session, up 0.02% from the previous day. In the spot market, downstream restocking demand was released at low prices, but spot trading activity declined as prices rose.

Weekly Review of Aluminum Scrap and Secondary Aluminum: Aluminum Scrap Prices Adjusted Narrowly Within the Week, Regional Trends Diverged Significantly. This week, the aluminum scrap market showed a generally stable trend with a slight rise, and regional divergence was significant. As of Thursday this week, the SMM A00 spot price was 19,800 yuan/mt, down 80 yuan/mt WoW. Affected by the fluctuation of primary aluminum prices, the aluminum scrap market adjusted narrowly overall. Among them, baled UBC rose cumulatively by 100-150 yuan/mt to 14,900-15,500 yuan/mt (tax excluded) within the week, while shredded aluminum tense scrap maintained a high level of 15,850-17,350 yuan/mt (tax excluded) due to tight circulation. Regional performance diverged significantly.

【Daily Review of Aluminum Scrap: Aluminum Prices Rebound, Divergence in Prices of Wrought and Tense Aluminum Scrap】 Regionally, Hunan, Hubei, Foshan, and Jiangxi adopted a steady strategy, without following significant price adjustments in the primary aluminum market. Other regions such as Shanghai, Jiangsu, Henan, and Anhui followed the A00 price movements. Product-wise, prices for shredded aluminum tense scrap and wheel hubs removed from vehicles remained flat compared to the previous trading day, while baled UBC prices increased by 100-150 yuan/mt.

【SMM Tin Midday Review: Fed Chairman Powell Reiterated "No Rate Cuts This Year" in Early Morning Statement, Spot Tin Ingot Market Transactions Cooled Down】 In the morning session, the most-traded SHFE tin 2505 contract showed a volatile consolidation pattern, dipping slightly to around 256,000 yuan/mt before the close, and settled at 256,340 yuan/mt at midday, with an intraday decline of 1.22%. The intraday fluctuation range was 255,500-259,490 yuan/mt. Open interest decreased by 623 lots to 30,000 lots, indicating a cautious market sentiment. LME tin prices also fluctuated in consolidation, reported at $31,205/mt during the Asian session.

SMM Tin Futures Review: The White House Announced an Increase in Tariffs on China from 125% to 245%, SHFE Tin Prices Weakened Under Pressure During the Day. The most-traded SHFE tin 2505 contract weakened under pressure during the day, opening lower in the morning and continuing to fluctuate downward, with the decline expanding in the afternoon, eventually closing at 255,150 yuan/mt, down 1.68% from the previous trading day. The intraday fluctuation range was 254,800-260,200 yuan/mt, with open interest decreasing to 30,000 lots and trading volume significantly contracting, indicating a rise in market risk aversion sentiment...