SMM, December 26:
Spot primary aluminum prices slightly declined compared to yesterday. SMM A00 spot aluminum closed at 19,820 yuan/mt, down 10 yuan/mt from the previous trading day. Aluminum scrap market quotations remained largely stable, with baled UBC prices unchanged from yesterday. Currently, large domestic enterprises are executing long-term contracts as usual, while small enterprises remain in a wait-and-see mode. Meanwhile, regions such as Anhui and Henan have successively signed reverse invoicing agreements, reigniting pessimistic sentiment among local traders regarding future prices.
Today, baled UBC aluminum scrap was quoted at 14,750-15,725 yuan/mt (excluding tax), and shredded aluminum tense scrap was quoted at 16,000-17,300 yuan/mt (liquid aluminum, excluding tax). In the short term, the overall supply of spot aluminum scrap remains limited. Downstream enterprises had previously restocked at low prices, leading to weak purchase willingness for high-priced aluminum scrap. Overall market transactions were sluggish, and the price difference between primary metal and scrap is expected to narrow.
