SMM News on February 19:
Today, aluminum prices stopped falling and began to rebound. SMM A00 spot price closed at 20,600 yuan/mt, up 90 yuan/mt from the previous trading day. Aluminum scrap market quotations remained generally stable, with slight increases in some categories. The price of baled UBC aluminum scrap remained flat at 15,150-15,950 yuan/mt (excluding tax), while shredded aluminum tense scrap was quoted steadily at 16,650-18,150 yuan/mt (liquid aluminum, excluding tax). Currently, most traders have resumed work and are actively shipping, leading to a gradual increase in aluminum scrap market circulation. However, due to the limited rebound in end-use consumption, price follow-ups appear to lack momentum, and the price difference between primary metal and scrap has slightly widened. In the short term, the price difference is expected to fluctuate slightly.
