Price
News
- A00 Continues to Rebound, Price Difference Between A00 Aluminum and Aluminum Scrap Narrows to Historic Low [Scrap Aluminum Daily Review]
SMM News, July 3: Today, SMM A00 spot aluminum prices closed at 22,760 yuan/mt, up 220 yuan/mt from the previous trading day, and aluminum scrap prices largely followed suit. The supply side remained tight as supervision over the "reverse invoicing" policy continued to tighten. Production cuts and shutdowns spread among small and medium-sized scrap utilization enterprises in Anhui, Jiangxi, Hubei and other regions, and Shandong also heard news of suspending reverse invoicing from July, further increasing the scarcity of compliant invoiced aluminum scrap. Regarding price spreads, on July 2, the price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan was recorded at 1,931 yuan/mt, and the price difference between A00 aluminum and shredded aluminum tense scrap was 623 yuan/mt. Notably, under the dual pressure of rapidly declining aluminum prices and tight invoice availability, the price spread for aluminum tense scrap narrowed sharply. Some cast aluminum alloy enterprises have begun using A00 aluminum ingots as a substitute for aluminum scrap as raw material. On the import side, besides low port arrivals in June-August due to the 1-3 month shipping lag, the UAE's four-month temporary export ban on aluminum scrap starting in June and the EU's proposed 15% tariff from September have significantly strengthened expectations of shrinking overseas high-quality scrap supply, and the import supply chain will suffer substantial damage. The aluminum scrap market is expected to continue to consolidate at low levels, but the downside room for prices is limited. The mainstream range of shredded aluminum tense scrap prices based on aluminum content is projected at 19,200-19,800 yuan/mt (tax excluded). Supply side, the constraints from the reverse invoicing policy are unlikely to reverse in the short term, and the tight supply of compliant invoiced cargo will persist. Import side, multiple headwinds will gradually materialize in the form of depressed actual port arrivals in the coming months, and the supply of imported aluminum scrap will weaken further. Demand side, amid the deepening off-season, downstream operating rates remain low, end-user orders are unlikely to see substantial improvement, and scrap utilization enterprises will likely continue their strategy of purchasing as needed and maintaining low inventories. The price spread between aluminum scrap and primary aluminum has narrowed to a historical low, significantly eroding the economic advantage of scrap over primary aluminum. If aluminum prices continue to fall, the substitution effect will accelerate and become more evident.
Jul 3, 2026 15:19 ![ADC12 Premium Hits Record High as Primary-Scrap Spread Narrows: Is A00 Substitution Emerging? [SMM Analysis]](https://imgqn.smm.cn/production/admin/votes/imageskkgTu20240508153005.png)
ADC12 Premium Hits Record High as Primary-Scrap Spread Narrows: Is A00 Substitution Emerging? [SMM Analysis][Weekly Review of Aluminum Scrap and Secondary Aluminum]Primary-Scrap Spread Narrows Sharply as ADC12-A00 Premium Hits a Record High: Has the Window Opened for Primary Aluminum to Replace Scrap?
Jul 3, 2026 13:09- "Aluminum Processing Rates Drop to 62.6% Amid Weak Prices and Off-Season Slump"
This week, the aluminum processing industry was broadly under pressure from three factors: a deepening off-season, continuously weakening aluminum prices that fueled widespread price-drop sentiment, and shrinking exports. Only a few subsectors such as energy storage provided marginal support. The operating rate is expected to continue its downward trend in the short term.
Jul 2, 2026 21:00 - Middle East situation adds new uncertainties, aluminum prices continue in the doldrums [SMM Aluminum Morning Briefing]
[Mideast Situation Adds New Uncertainties, Aluminum Prices Continue in the Doldrums] The dispute over control of the Strait of Hormuz persists, and the resumption of navigation through the strait remains uncertain. The hawkish shift by the US Fed has boosted the US dollar index, weighing on nonferrous metal prices. Under macro headwinds, aluminum prices in and outside China have fallen. In the short term, bearish factors dominate, and aluminum prices are expected to continue in the doldrums.
Jul 1, 2026 09:23 - [SMM Analysis] From Ningxia to Xinjiang: Lithium Battery Recycling Projects Roll Out Nationwide, Capacity Construction Enters the Fast Lane, June 22-26, 2026
In H1 2026, lithium battery recycling capacity construction accelerated, with seven provinces and regions—Ningxia, Jiangxi, Hunan, Anhui, Sichuan, Hubei, and Xinjiang—collectively announcing environmental impact assessment documents for a batch of scrap lithium battery recycling and comprehensive utilization projects. These projects cover various types of scrap resources such as LFP, ternary battery packs, positive and negative electrodes, and wires and cables, showing a clear trend of lithium battery recycling expanding from eastern coastal regions to the inland areas of central and western China.
Jun 30, 2026 19:18 - Geopolitical Easing and Manufacturing Weakness Exert Dual Pressure; SHFE and LME Aluminum Prices Plunge Sharply [SMM Aluminum Morning Meeting Summary]
[Geopolitical easing combined with manufacturing slowdown exert dual suppression, SHFE and LME aluminum prices plunge significantly] SMM maintains its forecast that inventory will drop to around 1.28 million mt by late June, and may further approach 1.2 million mt by the end of June or early July, providing some support for aluminum prices. However, the pressure from high domestic inventory remains relatively evident, and coupled with the currently dominant bearish macro sentiment in the market, domestic aluminum prices are expected to mainly be in the doldrums with adjustments in the short term.
Jun 16, 2026 09:05
Announcements
With the development of the scrap metal industry, companies are paying more attention to scrap aluminum varieties and price points across different geographical regions. To meet market demands and provide more comprehensive spot price information, SMM, after extensive market research and preliminary communication, have launched the following price points for local scrap metal prices in Malaysia and Thailand on November 3, 2025: Malaysian Aluminium Scrap – Talon (Aluminium Wire and Cable) Malaysian Aluminium Scrap – UBC (Used Beverage Cans) Thai Aluminium Scrap – Talon (Aluminium Wire and Cable) Thai Aluminium Scrap – UBC (Used Beverage Cans) Introduction to the new SMM Malaysian scrap aluminum price points: SMM, taking into account the local and international demand for overseas aluminium scrap prices primarily in Southeast Asia, and based on overseas policies and market changes, has decided to launch several price points in reflection of the Southeast Asian aluminium scrap markets and trade. The specific details are as follows: Price Point 1: Addition of Malaysian Aluminium Scrap – Talon (Aluminium Wire and Cable) Name and Definition : Malaysian Aluminium Scrap – Talon (Aluminium Wire and Cable), ExWorks Malaysia, including VAT, MYR/tonne Launch Date : November 3, 2025 (Launched) Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) Price Point 2: Addition of Malaysian Aluminium Scrap – UBC (Used Beverage Cans) Name and Definition : Malaysian Aluminium Scrap – UBC (Used Beverage Cans), ExWorks Malaysia, including VAT, MYR/tonne Launch Date : November 3, 2025 (Launched) Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) Price Point 3: Addition of Thai Aluminium Scrap – Talon (Aluminium Wire and Cable) Name and Definition : Thai Aluminium Scrap – Talon (Aluminium Wire and Cable), ExWorks Thailand, including VAT, THB/tonne Launch Date : November 3, 2025 (Launced) Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) Price Point 4: Addition of Thai Aluminium Scrap – UBC (Used Beverage Cans) Name and Definition : Thai Aluminium Scrap – UBC (Used Beverage Cans), ExWorks Thailand, including VAT, THB/tonne Launch Date : November 3, 2025 (Launched) Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) We welcome more companies from both upstream and downstream industries to participate and support SMM in better serving the new energy industry chain. If you have any questions, please feel free to contact Liu Xiaolei at (+86)15021973263 or Chin Khai Yuen at (+60)124247012, or email adrian.chin@metal.com.
PriceNov 3, 2025 17:51With the development of the scrap metal industry, companies are paying more attention to scrap aluminum varieties and price points across different geographical regions. To meet market demands and provide more comprehensive spot price information, SMM, after extensive market research and preliminary communication, plans to launch the following price points for local scrap metal prices in Malaysia and Thailand on November 3, 2025: Malaysian Aluminium Scrap – Talon (Aluminium Wire and Cable) Malaysian Aluminium Scrap – UBC (Used Beverage Cans) Thai Aluminium Scrap – Talon (Aluminium Wire and Cable) Thai Aluminium Scrap – UBC (Used Beverage Cans) Introduction to the new SMM Malaysian scrap aluminum price points: SMM, taking into account the local and international demand for overseas aluminium scrap prices primarily in Southeast Asia, and based on overseas policies and market changes, has decided to launch several price points in reflection of the Southeast Asian aluminium scrap markets and trade. The specific details are as follows: Price Point 1: Addition of Malaysian Aluminium Scrap – Talon (Aluminium Wire and Cable) Name and Definition : Malaysian Aluminium Scrap – Talon (Aluminium Wire and Cable), ExWorks Malaysia, including VAT, MYR/tonne Launch Date : November 3, 2025 Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) Price Point 2: Addition of Malaysian Aluminium Scrap – UBC (Used Beverage Cans) Name and Definition : Malaysian Aluminium Scrap – UBC (Used Beverage Cans), ExWorks Malaysia, including VAT, MYR/tonne Launch Date : November 3, 2025 Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) Price Point 3: Addition of Thai Aluminium Scrap – Talon (Aluminium Wire and Cable) Name and Definition : Thai Aluminium Scrap – Talon (Aluminium Wire and Cable), ExWorks Thailand, including VAT, THB/tonne Launch Date : November 3, 2025 Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) Price Point 4: Addition of Thai Aluminium Scrap – UBC (Used Beverage Cans) Name and Definition : Thai Aluminium Scrap – UBC (Used Beverage Cans), ExWorks Thailand, including VAT, THB/tonne Launch Date : November 3, 2025 Updated Frequency : The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time) We welcome more companies from both upstream and downstream industries to participate and support SMM in better serving the new energy industry chain. If you have any questions, please feel free to contact Liu Xiaolei at (+86)15021973263 or Chin Khai Yuen at (+60)124247012, or email adrian.chin@metal.com.
PriceOct 27, 2025 17:51With the development of the scrap metal industry, companies are paying increasing attention to scrap aluminum varieties and price points. To meet market demands and provide more comprehensive spot price information, SMM, after extensive market research and preliminary communication, plans to launch an optimized Malaysian scrap aluminum price point on October 13, 2025: - Tense Scrap Malaysia (Mixed Aluminium Castings) Introduction to the new SMM Malaysian scrap aluminum price points: SMM, taking into account the import-export and local demand characteristics of Malaysian end-users across different application scenarios, and based on overseas policies and market changes, has revised the Malaysian scrap aluminum price points. The specific details are as follows: Adjustment 1: Addition of Tense Scrap Malaysia (Mixed Aluminium Castings) . This price point will replace the existing Shredded Mixed Aluminum Castings (Tense) Scrap in Malaysia, FOB. - Updated price point name and definition: Malaysia Scrap Aluminum Mixed Aluminum Castings (Tense) , EXWorks, excluding VAT, USD/tonne. - Reason: The new price point better aligns with the local scrap aluminum market conditions under updated Malaysian policies, thereby more accurately reflecting market prices. - Launch date: October 13, 2025 - Update frequency: The new price point will be updated before 12:00 PM on the first working day of each week (Kuala Lumpur time). Adjustment 2: Discontinuation of Shredded Mixed Aluminum Castings (Tense) Scrap in Malaysia, FOB . - Discontinuation date: October 10, 2025 We welcome more companies from both upstream and downstream industries to participate and support SMM in better serving the new energy industry chain. If you have any questions, please feel free to contact Liu Xiaolei at (+86)15021973263 or Chin Khai Yuen at (+60)124247012, or email adrian.chin@smm.cn.
PriceSep 26, 2025 15:43