SMM, February 17:
Spot primary aluminum prices fell by 60 yuan/mt compared to the previous trading day, with SMM A00 spot price closing at 20,540 yuan/mt. Aluminum scrap market quotations slightly declined, with baled UBC aluminum scrap prices down by 0-50 yuan/mt to 15,150-15,950 yuan/mt (excluding tax), and shredded aluminum tense scrap prices dropping by 0-100 yuan/mt to 16,650-18,150 yuan/mt (liquid aluminum, excluding tax). In the short term, the fundamentals of aluminum scrap are steadily recovering, downstream procurement demand is gradually rebounding, and market transactions continue to improve. The short-term price difference between primary metal and scrap is expected to remain volatile.
