SMM February 6 News:
Today, aluminum prices maintained a slight rebound. The spot price of primary aluminum increased by 90 yuan/mt compared to the previous trading day, with SMM A00 spot aluminum closing at 20,230 yuan/mt. Aluminum scrap market quotations saw a slight upward adjustment. Today's concentrated quotations for baled UBC aluminum scrap ranged from 14,850-15,700 yuan/mt (excluding tax), while shredded aluminum tense scrap prices rose by 0-100 yuan/mt to 16,450-17,100 yuan/mt (liquid aluminum, excluding tax). After the holiday, most aluminum scrap traders have not yet resumed work, and downstream scrap-consuming enterprises are primarily digesting inventory, with normal procurement not yet restored. Overall market transactions remain limited. Under weak supply and demand, the short-term price difference between primary metal and scrap is expected to maintain a fluctuating trend.
