SMM April 18 News: Spot primary aluminum prices rose by 30 yuan/mt compared to the previous trading day, with SMM A00 spot aluminum closing at 19,830 yuan/mt. The overall prices in the aluminum scrap market showed relatively small changes yesterday, and downstream demand did not exhibit a clear peak season trend, maintaining purchasing as needed. Today, the centralized quotation for baled UBC aluminum scrap was 14,900-15,500 yuan/mt (excluding tax), while shredded aluminum tense scrap was quoted at 15,850-17,350 yuan/mt (excluding tax). Regionally, Hunan, Hubei, Foshan, and Jiangxi adopted a steady strategy, without following the primary aluminum market for significant price adjustments. Other regions such as Shanghai, Jiangsu, Henan, and Anhui followed the A00 price movements. By product, prices for shredded aluminum tense scrap and wheel hubs removed from vehicles remained flat compared to the previous trading day, while baled UBC aluminum scrap rose by 50 yuan/mt overall. In the short term, the current high prices of aluminum scrap are mainly due to the generally low operating rates of downstream scrap utilization enterprises and tight domestic circulation of aluminum tense scrap, providing support for aluminum scrap prices. The price difference between A00 aluminum and aluminum scrap is mainly adjusted within a narrow range. 》Order to view SMM metal spot historical prices
