SMM April 25 News:
Spot primary aluminum rose by 90 yuan/mt compared to the previous trading day, with SMM A00 spot aluminum closing at 20,070 yuan/mt. Aluminum scrap prices remained largely unchanged from the previous trading day. As the peak season nears its end, orders were affected by marginal demand decline, and raw material purchasing continued on an as-needed basis.
Today, baled UBC aluminum scrap was quoted at 15,000-15,600 yuan/mt (excluding tax), while shredded aluminum tense scrap was quoted at 15,850-17,350 yuan/mt (excluding tax). By product, supply of bare bright aluminum wire and shredded wrought aluminum alloy scrap remained tight, with prices continuing to rise alongside aluminum prices.
In the short term, the aluminum scrap market is likely to hover at highs. However, if primary aluminum experiences significant fluctuations due to macro factors (such as US Fed policies or geopolitical conflicts) or if domestic secondary aluminum producers implement concentrated production cuts, aluminum scrap prices may face periodic pressure.
