Latest Update in the SMM Copper Scrap Market

The ferrous metals series experienced a volatile trend this week, with the overall average price slightly increasing. On the news front, Chinese Premier Li Qiang, while attending the "China Development Forum 2025 Annual Meeting," stated that China has prepared for potential "external unexpected shocks" and will introduce new incremental policies if necessary...

Daily Review of Aluminum Scrap: Aluminum Prices Fell Sharply, Narrowing the Price Difference Between A00 Aluminum and Aluminum Scrap. Today, the spot price of primary aluminum dropped significantly by 190 yuan/mt compared to the previous trading day, with SMM A00 spot aluminum at 20,620 yuan/mt. Aluminum scrap prices largely followed the downward trend of aluminum prices.

SMM Tin Midday Review: The Most-Traded SHFE Tin Contract May Maintain Sideways Movement, Downstream Enterprises Report Weak Orders in Traditional Consumption Sectors. In the morning session, the most-traded SHFE tin contract (SN2505) bottomed out, opening at 280,300 yuan/mt and closing at 279,410 yuan/mt by midday, down 0.22% from the previous settlement price. The intraday fluctuation range was 278,800-282,200 yuan/mt, with open interest decreasing by 1,797 lots to 38,800 lots, and market sentiment leaning cautious. LME tin prices also fluctuated, trading at $35,000/mt during the Asian session, down 0.58%.

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

【Weekly Review of Aluminum Scrap and Secondary Aluminum: Supply-Demand Imbalance in the Secondary Aluminum Market Unresolved, ADC12 Prices Remain Under Pressure】This week, aluminum prices initially declined before rebounding, while secondary aluminum alloy prices remained more likely to fall than rise. As of March 27, the SMM ADC12 price decreased by 100 yuan/mt WoW to 21,100 yuan/mt.