Search results for Aluminum Scrap Prices

December 2 SMM Cast Aluminum Alloy Morning Comment Futures: Overnight, the most-traded cast aluminum alloy 2602 contract opened higher, surged to 21,195 yuan/mt, then pulled back quickly, and subsequently fluctuated rangebound near 21,100 yuan/mt. It rebounded slightly to 21,150 yuan/mt by the close. Open interest stood at 15,332, with a trading volume of 2,381, indicating increased market participation. After a tug-of-war between longs and shorts, bulls held a slight advantage. Basis Daily Report: According to SMM data, on December 1, the theoretical spot price premium of SMM ADC12 over the closing price of the most-traded cast aluminum alloy contract (AD2601) at 10:15 AM narrowed to 490 yuan/mt. Warrant Daily Report: SHFE data showed that on December 1, the total registered warrant volume for cast aluminum alloy was 64,227 mt, an increase of 152 mt from the previous trading day. The breakdown by region was as follows: Shanghai (4,757 mt, unchanged), Guangdong (20,425 mt, up 152 mt), Jiangsu (10,969 mt, unchanged), Zhejiang (21,648 mt, unchanged), Chongqing (6,308 mt, unchanged), and Sichuan (120 mt, unchanged). Aluminum Scrap: On Monday, the spot price of primary aluminum increased significantly compared to the previous trading day, with the SMM A00 spot price closing at 21,730 yuan/mt. The aluminum scrap market followed the upward trend collectively. Entering December, downstream demand for aluminum scrap showed significant divergence. Demand for scrap used in cast aluminum alloys remained robust with a slight increase, providing more support for consumption. Some scrap-consuming enterprises in Shandong reported that raw material procurement was characterized by high prices but thin market activity, with tight supply remaining the main theme and procurement prices staying high. Concentrated offers for baled UBC were in the range of 16,200-16,700 yuan/mt (ex-tax), while shredded aluminum tense scrap (priced based on aluminum content) was offered in the range of 18,200-18,700 yuan/mt (ex-tax). Prices for baled UBC, clean tapping aluminum wire, mixed aluminum extrusion scrap free of paint, mechanical casting aluminum scrap, scrap motorcycle wheel, and mixed aluminum tense scrap increased by 200 yuan/mt MoM. As SHFE aluminum futures prices continued to rise, regions including Jiangxi, Hubei, Foshan, Anhui, and Hunan collectively raised their aluminum scrap offers, with a cumulative price increase of 200 yuan/mt. The aluminum scrap market is expected to continue fluctuating at highs this week, with the mainstream range for shredded aluminum tense scrap (priced based on aluminum content) projected at 18,000-18,500 yuan/mt (ex-tax). The tight supply situation is difficult to change in the short term, as constraints from the recycling end and import side persist, limiting the downside room. Fluctuations in primary aluminum prices remain the core influencing factor. Coupled with intensified year-end environmental protection crackdowns and transportation restrictions, market sentiment is cautious. The overall tug-of-war between sellers and buyers continues. Close attention should be paid to the trends in primary aluminum prices, environmental protection policies, and import supplements, while remaining vigilant against high volatility risks. Silicon metal: On December 1, SMM east China non-oxygen blown #553 was at 9,300-9,400 yuan/mt; oxygen-blown #553 at 9,500-9,600 yuan/mt; #521 at 9,600-9,700 yuan/mt; #441 at 9,700-9,800 yuan/mt; #421 at 9,700-9,900 yuan/mt; #421 for silicone use at 9,800-10,200 yuan/mt; #3303 at 10,300-10,600 yuan/mt. Prices in Kunming, Huangpu Port, Tianjin, Xinjiang, Sichuan, Shanghai, and north-west China remained stable. Overseas market: On the import side, the current overseas ADC12 quotation range stands at $2,600-2,630/mt. Due to the rapid price surge in the domestic market, the immediate import loss has narrowed to around 400 yuan/mt. Inventory: According to SMM statistics, on December 2, the combined daily social inventory of secondary aluminum alloy ingots in Foshan, Ningbo, and Wuxi totaled 49,410 mt, down 309 mt from the previous trading day and down 494 mt from last Tuesday (November 25). Summary: [Data source statement: Except for publicly available information, other data are processed by SMM based on public information, market communication, and SMM's internal database model, for reference only and do not constitute decision-making advice.]

SMM November 13: Spot primary aluminum prices rose today compared with the previous trading day, with SMM A00 aluminum closing at 21,920 yuan/mt. Aluminum scrap prices followed the uptrend in aluminum prices. With the end of the traditional peak season, downstream demand showed a clear divergence. Demand for aluminum scrap from casting aluminum alloys remained robust, providing more consumption support, while demand from wrought aluminum alloys began to show signs of weakening. However, tight market supply remained the main theme, keeping procurement prices high, though the sustainability of these high levels remains to be seen. Baled UBC was quoted at 16,550-17,050 yuan/mt (ex-tax) today, while shredded aluminum tense scrap (priced based on aluminum content) was quoted at 17,650-18,550 yuan/mt (ex-tax). Baled UBC prices rose 100 yuan/mt WoW, while clean tapping aluminum wire, shredded aluminum tense scrap (priced based on aluminum content), scrap wheel hub, mechanical casting aluminum scrap, and aluminum shavings increased 100-250 yuan/mt WoW. With the rise in spot aluminum prices today, aluminum scrap prices in Foshan, Henan, Guizhou, and Jiangxi followed suit, up 100-200 yuan/mt, while prices in Shanghai, Zhejiang, Jiangsu, and Tianjin mainly increased 200-250 yuan/mt. In terms of the price difference between A00 aluminum and aluminum scrap, the price difference between A00 aluminum and mechanical casting aluminum scrap in Shanghai widened by 250 yuan from the previous trading day to 3,182 yuan/mt, and the price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan widened by 122 yuan to 2,571 yuan/mt. Aluminum scrap market is expected to hold up well this week, with the mainstream price range for shredded aluminum tense scrap (priced based on aluminum content) likely to move up to 17,900-18,400 yuan/mt. Continued positive signals from the domestic and international macro environment, along with an expected sustained improvement in orders for downstream casting alloy processing, will provide ongoing support for aluminum scrap prices. However, two risks require caution: first, against the backdrop of high aluminum prices, enterprises are making just-in-time procurement and reducing raw material inventory accumulation, which may suppress prices; second, the implementation of environmental protection-driven production restrictions in central China and the potential risk of a pullback in primary aluminum prices after a rapid rise. If these risks materialize, the aluminum scrap market could face downward pressure. Overall, the aluminum scrap market will continue to experience a complex tug-of-war between sellers and buyers. Market participants are advised to closely monitor primary aluminum price trends, changes in downstream demand, and developments in environmental protection policy.

9.17 SMM Cast Aluminum Alloy Morning Comment Futures: The most-traded cast aluminum alloy AD2511 contract opened at 20,460 yuan/mt overnight, hit a high of 20,560 yuan/mt and a low of 20,405 yuan/mt, and closed at 20,515 yuan/mt, up 35 yuan/mt or 0.17% from the previous close. Trading volume was 970 lots, and open interest was 7,937 lots, with bears mainly reducing positions.    Basis Report: According to SMM data, on September 16, the theoretical premium of SMM ADC12 spot price to the most-traded cast aluminum alloy contract (AD2511) at the 10:15 closing price was 525 yuan/mt. Aluminum Scrap: On Tuesday, spot primary aluminum prices were flat from the previous trading day, with SMM A00 spot aluminum closing at 20,950 yuan/mt. Aluminum scrap prices were generally stable. Baled UBC was quoted at 15,750-16,250 yuan/mt (tax excluded), and shredded aluminum tense scrap (priced based on aluminum content) was quoted at 17,500-18,000 yuan/mt (tax excluded). Baled UBC, shredded aluminum tense scrap (priced based on aluminum content), scrap wheel hub, and mechanical casting aluminum scrap were flat from the previous trading day. Recently, affected by various factors such as high aluminum price volatility and a worsening aluminum scrap supply deficit, wait-and-see sentiment has gradually intensified in some regional yards, with significant lag in price adjustments. Aluminum scrap prices are expected to hover at highs this week, with intensified bargaining between sellers and buyers. From a macro perspective, the cleanup of illegal tax rebates across regions continues to deepen. Although policies are still in a transition period and current purchasing quotes do not yet fully reflect the impact, in the medium and long term, scrap utilization enterprises will bargain down purchasing prices to pass on rising tax costs, posing a downside risk to aluminum scrap prices. On the other hand, the tight supply situation is unlikely to improve in the short term, especially the tight supply of shredded aluminum tense scrap resources, which will continue to give suppliers bargaining power. SMM expects the mainstream range for shredded aluminum tense scrap (priced based on aluminum content) to hover around 17,500-18,000 yuan/mt, while baled UBC prices will fluctuate between 15,800-16,300 yuan/mt. Silicon Metal: On September 16, silicon metal prices rose slightly. SMM oxygen-blown #553 silicon in east China was at 9,200-9,400 yuan/mt, up 100 yuan/mt from the previous day, and #441 silicon was at 9,500-9,700 yuan/mt, up 100 yuan/mt from the previous day. In the futures market, the silicon metal main continuous contract SI2511 opened at 9,000 yuan/mt, hit a high of 9,130 yuan/mt and a low of 8,855 yuan/mt, and closed at 8,915 yuan/mt at the end of the session, up 115 yuan/mt from the previous day. Silicon enterprises in northern China maintained active willingness to sell, with their quotes more competitive than those of trading firms engaging in both spot and futures markets. The increase in spot transaction prices lagged behind the futures market. Overseas Market: Current overseas ADC12 quotes remain in the range of 2,520-2,550 USD/mt. Affected by the continued strengthening of the RMB exchange rate, the immediate import loss narrowed again, approaching the break-even line. Local ADC12 offers in Thailand edged down to 81-82 baht/kg. Inventory side: According to SMM statistics, the daily social inventory of secondary aluminum alloy ingots in Foshan, Ningbo, and Wuxi totaled 48,899 mt on September 17, up 279 mt from the previous trading day. Summary: Aluminum prices were flat yesterday, with the SMM ADC12 price holding steady at 21,050 yuan/mt. Due to tight circulation of aluminum scrap resources both domestically and overseas and increased demand from scrap utilization enterprises, the aluminum scrap market has become more strained, providing continued cost support for ADC12 prices. Demand side, downstream purchasing sentiment has slightly recovered since September, with demand continuing to rebound, though the actual strength of the traditional peak season remains to be seen. Some enterprises, to ensure order fulfillment, have resorted to high-priced or even cross-regional procurement. To avoid losses, manufacturers are taking orders more cautiously, actively controlling order sizes and operating rates. Overall, supported by strong cost factors and pre-holiday downstream stocking demand ahead of the National Day holiday, ADC12 prices are expected to hover at highs in the near term. Going forward, close attention should be paid to raw material supply conditions, the pace of demand recovery, and potential market impacts from policy developments. [Data source statement: Except for publicly available information, other data are processed by SMM based on public information, market communication, and SMM’s internal database model, for reference only and not intended as decision-making advice.]

9.8 SMM Cast Aluminum Alloy Morning Comment Futures: The most-traded cast aluminum alloy AD2511 contract opened at 20,315 yuan/mt on Friday night, hitting a high of 20,375 yuan/mt and a low of 20,255 yuan/mt, before closing at 20,265 yuan/mt, down 15 yuan/mt (0.07%) from the previous close. Trading volume stood at 555 lots, while open interest reached 7,731 lots, with bulls dominating the position reduction.    Basis Report: According to SMM data, the theoretical spot premium of SMM ADC12 over the most-traded cast aluminum alloy contract (AD2511) was 520 yuan/mt based on the 10:15 AM closing price on September 5. Aluminum scrap: Spot primary aluminum prices edged up WoW on Friday, with SMM A00 closing at 20,610 yuan/mt, while aluminum scrap prices showed divergent adjustments. As the traditional peak season begins, orders at some scrap utilization enterprises recovered, but tight supply remained the dominant theme, keeping procurement costs elevated. Prices for baled UBC, shredded aluminum tense scrap (priced based on aluminum content), scrap wheel hub, and mechanical casting aluminum scrap held steady MoM. Regionally, Shanghai, Jiangsu, Shandong, and Henan closely followed aluminum price movements with adjustments of 50-100 yuan/mt, while Jiangxi, Hubei, Foshan, and Anhui lagged behind, maintaining stable prices WoW. Recent significant price adjustments in some regions stemmed from unconfirmed policy implementation, exacerbating supply shortages and forcing some scrap processors to raise raw material recovery prices to sustain production. Aluminum scrap prices are expected to hover at highs this week amid intensified supply-demand tug-of-war. Silicon metal: Spot silicon metal prices remained range-bound last week with modest downstream order volumes. SMM oxygen-blown #553 silicon traded at 9,000-9,200 yuan/mt in east China, while #441 silicon traded at 9,300-9,500 yuan/mt. Friday's futures rally, driven by polysilicon market dynamics, prompted some silicon enterprises to adopt a wait-and-see approach this week. Overseas markets: Current overseas ADC12 offers stood at $2,500-2,520/mt, with import parity maintained around 300 yuan/mt; Thailand's domestic ADC12 ex-VAT quotes temporarily held at 83-84 baht/kg. Inventory: SMM data showed Foshan, Ningbo, and Wuxi's daily social inventory of secondary aluminum alloy ingots totaled 34,807 mt on September 8, up 413 mt MoM and 1,092 mt WoW from September 1. Summary: Aluminum prices rebounded slightly on Friday, while secondary aluminum producers held quotes firm, with SMM ADC12 stabilizing at 20,750 yuan/mt. Tight scrap availability and rising procurement costs continue to support firm ADC12 offers. Downstream consumption showed narrow recovery, with limited order growth, suggesting peak season effects need more time to materialize. ADC12 prices are expected to remain supported by costs and hover at highs in the short term, but limited demand recovery coupled with social inventory accumulation restricts upside room for prices. Future trends require close monitoring of raw material supply, the pace of demand recovery, and policy developments. [Data Source Statement: Except for publicly available information, other data are processed by SMM based on public information, market exchanges, and SMM's internal database model, for reference only and not constituting decision-making advice.]

8.28 SMM Cast Aluminum Alloy Morning Comment Futures: The most-traded AD2511 contract for cast aluminum alloy opened at the highest point of 20,350 yuan/mt last night, then fluctuated downward, hitting bottom at 20,230 yuan/mt, and finally closed at 20,270 yuan/mt, down 90 yuan/mt from the previous close, a decrease of 0.44%. Trading volume was 1,208 lots, with open interest at 8,214 lots, mainly due to longs reducing their positions. Spot-Futures Price Spread Daily Report: According to SMM data, on August 27, the theoretical premium of SMM ADC12 spot price over the closing price of the most-traded casting aluminum alloy contract (AD2511) at 10:15 am was 310 yuan/mt. Aluminum Scrap: On Wednesday, the spot price of primary aluminum rose by 60 yuan/mt compared to the previous trading day, with SMM A00 spot closing at 20,840 yuan/mt, and the overall market price of aluminum scrap followed suit. As the traditional peak season approaches, orders for some downstream scrap utilization enterprises have recovered, but the tight supply in the aluminum scrap market remains the main theme, keeping procurement prices high. Yesterday, baled UBC increased by 50 yuan/mt WoW, while shredded aluminum tense scrap (priced based on aluminum content) and wheel hubs (both car and motorcycle) remained unchanged WoW. In Jiangxi and Anhui provinces, the price of aluminum tense scrap was temporarily stable yesterday, while in Hubei province, the price of all types of aluminum scrap increased by 100 yuan/mt today. It is expected that the market price of aluminum scrap will continue to fluctuate at highs this week. Shredded aluminum tense scrap (priced based on aluminum content) is expected to be in short supply, with prices fluctuating between 17,100-17,600 yuan/mt (excluding tax); baled UBC, supported by consumption from downstream can stock and other scrap utilization enterprises, is expected to operate within the range of 15,500-16,000 yuan/mt (excluding tax). Silicon Metal: On August 27, SMM non-oxygen blown #553 in East China was priced at 9,000-9,200 yuan/mt; oxygen-blown #553 at 9,200-9,400 yuan/mt; #521 at 9,300-9,500 yuan/mt; #441 at 9,500-9,600 yuan/mt; #421 at 9,500-9,600 yuan/mt; #421 for silicone use at 9,800-10,300 yuan/mt; and #3303 at 10,300-10,400 yuan/mt. Silicon prices in Huangpu Port, Tianjin, Northwest, Sichuan, Xinjiang, and Shanghai also decreased. Prices in Kunming remained stable. Overseas Market: Currently, overseas ADC12 quotes are in the range of $2,480-2,500/mt. Due to the rise in domestic prices and the appreciation of the RMB exchange rate, the immediate import loss has narrowed to around 300 yuan/mt; the duty-free quote for local ADC12 in Thailand is temporarily at 83-84 Thai baht/kg. Inventory: According to SMM statistics, on August 27, the daily social inventory of secondary aluminum alloy ingots in Foshan, Ningbo, and Wuxi totaled 32,614 mt, an increase of 241 mt from the previous trading day and an increase of 1,018 mt from the previous Wednesday (August 20). Summary: Yesterday, aluminum prices rebounded, and the quotations in the secondary aluminum market were generally raised by 100-200 yuan/mt. The continuous tight supply of aluminum scrap has led to a rapid increase in raw material prices, putting significant pressure on the cost side of secondary aluminum alloys. Additionally, the frequent news of tax rebate cancellations and back taxes in multiple regions has led to strong cost pass-through intentions among enterprises, resulting in short-term prices being more likely to rise than fall. Demand side, although approaching the traditional peak season of "September peak season," downstream procurement has only mildly recovered. High prices have suppressed market inquiries, which remain active, but actual transactions are sluggish. In the short term, ADC12 prices are expected to fluctuate upward and hold up well, supported by both cost and policy factors, but weak demand recovery may limit the upside. Going forward, close attention should be paid to the progress of policy implementation, the recovery of aluminum scrap supply, and marginal improvements in end-use demand. [Data source statement: Except for publicly available information, other data are processed by SMM based on public information, market exchanges, and SMM's internal database model, for reference only and not constituting decision-making advice.]

Recycled aluminum raw materials: The aluminum scrap market saw intensified supply tightness this week, with the price center moving upward again. As of August 14, the SMM A00 price closed at 20,710 yuan/mt, up 20 yuan/mt from Thursday last week. The intensified aluminum scrap supply shortage, coupled with the impact of the policy adjustment period, kept downstream purchases at just-in-time levels, with sluggish transactions. There was a clear differentiation among varieties: shredded aluminum tense scrap (with water content) saw prices rise from 17,000-17,500 yuan/mt to 17,100-17,600 yuan/mt (tax not included) at the beginning of the week due to difficulties in raw material purchases, while baled UBC prices increased from 15,400-15,900 yuan/mt to 15,500-16,000 yuan/mt, with a cumulative increase of 100 yuan/mt. Regional linkage strengthened, with the highest daily price increase of 200 yuan/mt in east China (Shanghai/Jiangsu/Shandong), while quotes in central China (Hubei) and other regions lagged behind. The price difference between primary metal and scrap continued to narrow, with the price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan compressing by 60 yuan/mt to 1,912 yuan/mt during the week. Downstream secondary aluminum enterprises were affected by the tight aluminum scrap supply and high temperatures that suppressed production, leading to high costs and weak orders. It is expected that the price center of the aluminum scrap market will move further upward next week. Affected by the policy adjustment period related to secondary aluminum, it will push up raw material purchase prices, with the supply of shredded aluminum tense scrap (with water content) remaining tight and the operating range expected to fluctuate between 17,100-17,600 yuan/mt (tax not included). Baled UBC, supported by downstream can stock enterprises' consumption, will operate within the range of 15,500-16,000 yuan/mt (tax not included). Secondary aluminum alloy: This week, the most-traded contract of cast aluminum alloy futures fluctuated upward within the range of 20,050-20,300 yuan/mt, closing at 20,140 yuan/mt on Thursday. In the spot market, the price of ADC12 aluminum alloy increased slightly. As of August 14, the SMM ADC12 price was reported at 20,350 yuan/mt, up 100 yuan/mt from last Friday, with the premium against the most-traded contract expanding to 205 yuan/mt. On the cost side, considering the undersupply and potential policy adjustments, aluminum scrap prices followed the aluminum price increase rapidly. Meanwhile, the prices of auxiliary materials such as silicon and copper also edged up, further pushing up the cost of ADC12. As the price increase of finished alloy ingots outpaced the cost side, the industry's theoretical losses narrowed. Demand side, as August approaches its halfway point, the traditional off-season atmosphere in the market persists, with no significant improvement in actual consumption. Manufacturers and futures-to-spot traders face difficulties in selling, and transactions remain sluggish. In terms of supply, the overall operating rate of the industry shows a downward trend, mainly due to insufficient orders and losses. Additionally, some secondary aluminum enterprises recently reported that local governments are cleaning up and abolishing illegal fiscal rebates and incentive policies. Affected by this policy adjustment, some secondary aluminum plants have taken measures to reduce or suspend production to observe the subsequent implementation of the policies. On the inventory side, according to SMM statistics, as of August 14, the social inventory of secondary aluminum alloy ingots in major domestic consumption areas totaled 35,200 mt, an increase of 662 mt from last Thursday. As futures-to-spot traders' previous orders gradually entered warehouses and current consumption remains weak, the outflows from warehouses of alloy ingots are poor, and inventory continues to build up, albeit at a slower pace. In terms of imports, the current overseas quotes for ADC12 remain stable within the range of $2,460-2,480/mt, while the domestic import spot price has risen to around 19,700 yuan/mt. Coupled with the appreciation of the RMB, the immediate losses from imports have narrowed to within 500 yuan/mt. Short-term cost support and policy disruptions may continue to support the price to fluctuate upward, but weak demand and inventory buildup pressure will limit the upside room. Attention should be paid to the implementation of policies and the pace of demand recovery during the peak season.

SMM reported on July 3: Today, spot primary aluminum prices rose by 50 yuan/mt compared to the previous trading day. SMM A00 aluminum ingot prices closed at 20,860 yuan/mt, and aluminum scrap market prices generally followed suit with a slight increase. Amid the traditional off-season, downstream scrap utilization enterprises are experiencing weak order releases, with purchases primarily driven by immediate needs. Today, the centralized quoted price for baled UBC aluminum scrap ranges from 15,350 to 15,850 yuan/mt (tax-exclusive), while the centralized quoted price for shredded aluminum tense scrap ranges from 15,800 to 17,300 yuan/mt (tax-exclusive). By product, baled UBC aluminum scrap prices increased by 50 yuan/mt MoM from yesterday, following the upward trend of aluminum prices. Except for regions like Anhui and Hubei, where supply shortages have led to difficulties in purchasing for downstream scrap utilization enterprises, prompting them to raise purchase prices, ADC12 aluminum shavings and shredded aluminum tense scrap prices increased by 100-200 yuan/mt. In other regions, the quoted prices for aluminum tense scrap remained stable MoM from yesterday. In terms of the price difference between A00 aluminum and aluminum scrap, the price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan increased by 60 yuan/mt MoM from yesterday to 1,857 yuan/mt, while the price difference between A00 aluminum and mechanical casting aluminum scrap in Shanghai widened by 22 yuan/mt MoM from yesterday to 1,845 yuan/mt. Next week, the aluminum scrap market is expected to hover at highs, with cautious price adjustments. Supported by tight supply, shredded aluminum tense scrap prices are expected to remain resilient, fluctuating rangebound within the 15,800-17,400 yuan/mt range. Baled UBC aluminum scrap prices may continue to decline under the pressure of off-season demand, possibly dropping to 15,200-15,700 yuan/mt. Subsequent developments will require close attention to marginal changes in raw material circulation (such as ADC12 aluminum shavings supply) and signals of recovery in terminal orders.     》Subscribe to view SMM metal spot historical prices

SMM June 27 Report: Today, spot primary aluminum prices rose sharply by 280 yuan/mt compared to the previous trading day. SMM A00 aluminum ingot prices closed at 20,890 yuan/mt. Aluminum scrap market prices generally followed the upward trend, but the increase was limited. Currently in the traditional off-season, downstream scrap utilization enterprises are experiencing weak order releases, with procurement mainly driven by immediate needs. Today, the quoted prices for baled UBC aluminum scrap are concentrated in the range of 15,300-15,800 yuan/mt (tax not included), while the quoted prices for shredded aluminum tense scrap are concentrated in the range of 15,900-17,400 yuan/mt (tax not included). Regionally, Shanghai, Jiangsu, Shandong, Henan, and other regions closely followed aluminum price movements, with price adjustments ranging from 200-250 yuan/mt. Jiangxi, Foshan, and other regions lagged behind in price adjustments, with adjustments ranging from 100-200 yuan/mt depending on the product. By product, baled UBC aluminum scrap and shredded aluminum tense scrap prices rose slightly by 100 yuan/mt compared to yesterday. New wrought aluminum alloy scrap and clean tapping aluminum wire prices rose by 200 yuan/mt compared to yesterday, closely following the upward trend of primary aluminum. In terms of the price difference between A00 aluminum and aluminum scrap, the price difference between A00 aluminum and mechanical casting aluminum scrap in Shanghai rose by 8 yuan/mt compared to yesterday, expanding to 1,848 yuan/mt. The price difference between A00 aluminum and aluminum extrusion scrap in Foshan increased by 180 yuan/mt compared to yesterday, expanding to 1,738 yuan/mt. Considering the actual difficulty in shipping goods, aluminum scrap suppliers are adopting a cautious and wait-and-see attitude towards price adjustments amid the high-level fluctuations of aluminum prices. Next week, the aluminum scrap market is expected to continue its pattern of high-level fluctuations.     》Subscribe to view SMM metal spot historical prices

》Check SMM aluminum product quotes, data, and market analysis 》Subscribe to view historical prices of SMM metal spot cargo Raw Materials for Secondary Aluminum: This week, the domestic aluminum scrap market maintained a pattern of fluctuating at highs, with significant price differentiation. Spot primary aluminum prices first declined and then rebounded during the week, cumulatively falling by 40 yuan/mt to 20,610 yuan/mt, a decrease of 160 yuan/mt compared to last Thursday. Aluminum scrap prices remained relatively stable overall: shredded aluminum tense scrap prices were resilient due to continued tight supply, with quotes stable at 15,800-17,300 yuan/mt (tax-exclusive); baled UBC prices were suppressed by off-season demand, cumulatively decreasing by 100 yuan/mt during the week to 15,200-15,700 yuan/mt. By region, price adjustments varied significantly: Shanghai, Jiangsu, Shandong, and other regions closely followed primary aluminum prices, with daily adjustments of 50-100 yuan/mt; regions like Jiangxi held prices steady and observed the market, without adjusting quotes this week. The price difference between A00 aluminum and aluminum scrap fluctuated rangebound, with the price difference for mixed aluminum extrusion scrap free of paint in Foshan expanding by 71 yuan/mt during the week to 1,557 yuan/mt. Downstream secondary aluminum scrap utilization enterprises operated under pressure, with weak terminal orders leading to sluggish transactions. Although theoretical losses for enterprises narrowed slightly, the pressure remained unresolved. Next week, the aluminum scrap market is expected to continue fluctuating at highs. Shredded aluminum tense scrap prices are expected to remain resilient due to tight supply, fluctuating rangebound within the 15,800-17,400 yuan/mt range; baled UBC prices may continue to decline, possibly dropping to 15,000-15,500 yuan/mt. Regional price differences will further widen: east China may experience daily fluctuations of up to 200 yuan/mt due to primary aluminum linkage and policy disruptions; inland provinces (such as Jiangxi and Hubei) may lack upward momentum in price adjustments due to lagging adjustments and demand differentiation. The price difference between A00 aluminum and aluminum scrap will continue to fluctuate rangebound, with close attention paid to marginal changes in raw material circulation and signals of terminal order recovery. Secondary Aluminum Alloy: This week, the futures market for cast aluminum alloy fluctuated, basically operating within the 19,500-19,800 yuan/mt range. On the spot market, secondary aluminum alloy prices mainly fluctuated downward. As of June 26, the SMM ADC12 price decreased by 50 yuan/mt compared to last Friday to 19,900-20,100 yuan/mt, with a theoretical premium of around 330 yuan/mt against the most-traded contract. On the cost side, aluminum scrap costs continued to provide support during the week, but due to the slightly weaker decline in finished alloy ingot prices compared to raw material costs, industry theoretical losses narrowed slightly. On the demand side, suppressed by the traditional off-season, demand remained weak, with sluggish growth in terminal orders leading to sluggish market transactions. Some enterprises actively lowered quotes to promote transactions, while enterprises with high costs maintained firm prices, resulting in slightly differentiated market quotes. Supply pressure continued to accumulate, with social inventory of secondary aluminum alloy ingots in domestic mainstream consumption areas reaching 20,587 mt on June 26, an increase of 1,295 mt compared to last Thursday, marking the seventh consecutive week of inventory buildup. On the import front, the CIF offer for imported ADC12 rose slightly to $2,430-$2,470/mt, while the domestic spot import price remained stable around 19,200 yuan/mt. The immediate import loss widened from 600 yuan/mt to the range of 700-800 yuan/mt. The local tax-excluded offer for ADC12 in Thailand increased slightly from 82 baht/kg to 82-83 baht/kg. Overall, the tug-of-war between cost support and weak demand during the off-season persisted. After a decrease of 50-100 yuan/mt, the price of ADC12 stabilized temporarily, but the impact of low-priced goods intensified market competition. Looking ahead, with the deepening impact of the off-season and inventory accumulation, the price of ADC12 is expected to remain in the doldrums in the short term. Close attention should be paid to marginal changes in raw material circulation and signs of demand-side improvement.

SMM News on June 25: Today, the spot price of primary aluminum fell by 10 yuan/mt compared to the previous trading day. SMM A00 spot aluminum closed at 20,530 yuan/mt, while the overall market price of aluminum scrap remained unchanged from yesterday. Amid the traditional off-season, downstream scrap utilization enterprises are experiencing weak order releases, with procurement primarily driven by immediate needs. Today, the centralized quoted price for baled UBC aluminum scrap ranges from 15,200 to 15,700 yuan/mt (tax-exclusive), while the quoted price for shredded aluminum tense scrap ranges from 15,800 to 17,300 yuan/mt (tax-exclusive). Regionally, Shanghai, Jiangsu, Shandong, and other areas closely follow aluminum price trends, with price adjustments ranging from 0 to 50 yuan/mt. Jiangxi province has shown a clear stance of refusing to budge on prices, with no price adjustments observed this week. By product, baled UBC aluminum scrap has followed the downward trend of aluminum prices since last Thursday, with a cumulative price reduction of 150-200 yuan/mt. Considering the difficulty in actual shipments, aluminum scrap suppliers have adopted a cautious and wait-and-see attitude towards price adjustments amid the fluctuating aluminum prices at highs. This week, the aluminum scrap market is expected to continue the pattern of "fluctuating at highs and product differentiation," remaining generally strong. Due to persistent supply shortages, aluminum tense scrap has demonstrated significant price resilience, with shredded aluminum tense scrap (tax-exclusive) fluctuating within the range of 15,800 to 17,400 yuan/mt, showing relatively limited declines. Baled UBC aluminum scrap is expected to undergo a mild price correction to 15,200-15,600 yuan/mt (tax-exclusive), with a potential weekly decline of 100-150 yuan/mt. Regional price differences will further widen: east China (Shanghai, Shandong) may experience daily price adjustments of up to 200 yuan/mt due to the linkage with primary aluminum prices and policy disruptions, resulting in significant volatility. Inland provinces (Jiangxi, Hubei, etc.) may lack the momentum to follow price increases due to supply and demand differentiation and lagging price adjustments, potentially leading to a further expansion of price differences.   》Subscribe to view historical SMM metal spot prices

SMM News on June 23: Today, spot primary aluminum prices fell by 70 yuan/mt compared to the previous trading day. SMM A00 aluminum ingot prices closed at 20,650 yuan/mt, and aluminum scrap market prices pulled back overall. Currently in the traditional off-season, downstream scrap utilization enterprises are experiencing weak order releases, with procurement mainly driven by immediate needs. Today, the concentrated quotes for baled UBC aluminum scrap range from 15,300 to 15,800 yuan/mt (tax not included), while the concentrated quotes for shredded aluminum tense scrap range from 15,800 to 17,300 yuan/mt (tax not included). By region, Shanghai, Jiangsu, Shandong, Henan, and other places closely track aluminum prices, with price adjustments ranging from 50 to 100 yuan/mt. In Anhui, Foshan, Guizhou, and other places, price adjustments lag behind aluminum prices, remaining unchanged from yesterday. Considering the difficulty in actual shipments, aluminum scrap suppliers tend to adopt a cautious wait-and-see attitude when adjusting prices amid rising aluminum prices. This week, the aluminum scrap market is expected to continue the pattern of "fluctuating at highs with differentiation among varieties," maintaining an overall strong trend. Due to persistent supply shortages, aluminum tense scrap prices exhibit significant resilience, with shredded aluminum tense scrap (tax not included) fluctuating within the range of 15,800 to 17,400 yuan/mt, showing relatively limited declines. Baled UBC aluminum scrap is expected to experience a mild pullback to 15,200 to 15,600 yuan/mt (tax not included), with a potential weekly decline of 100 to 150 yuan/mt. Regional price differences will further widen: east China regions (Shanghai, Shandong) may see daily price adjustments of up to 200 yuan/mt due to the influence of primary aluminum price linkage and policy disruptions, resulting in significant fluctuations. Inland provinces (Jiangxi, Hubei, etc.) may lack the momentum to follow price increases due to supply and demand differentiation and delayed price adjustments, potentially leading to a further expansion of price differences.   》Subscribe to view historical SMM metal spot prices

SMM, June 20: Today, spot primary aluminum prices fell by 50 yuan/mt compared to the previous trading day. SMM A00 aluminum ingot prices closed at 20,720 yuan/mt, and the overall aluminum scrap market prices pulled back. As the off-season in June progresses beyond the halfway mark, downstream scrap utilization enterprises are experiencing weak order releases, with procurement primarily driven by immediate needs. Today, the centralized quotes for baled UBC aluminum scrap range from 15,350 to 15,850 yuan/mt (tax not included), while shredded aluminum tense scrap quotes range from 15,800 to 17,300 yuan/mt (tax not included). Regionally, areas such as Shanghai, Jiangsu, and Shandong closely track aluminum prices, with price adjustments ranging from 50 to 100 yuan/mt. In contrast, regions like Henan, Foshan, and Guizhou lag behind aluminum price adjustments, with prices remaining unchanged from yesterday. By product, both baled UBC and shredded aluminum tense scrap prices have pulled back by 100 yuan/mt compared to yesterday. Considering the actual difficulty in shipping goods, aluminum scrap suppliers are adopting a cautious wait-and-see attitude towards price adjustments amidst rising aluminum prices. Next week, the aluminum scrap market is expected to continue the pattern of "fluctuating at highs with product differentiation," maintaining an overall strong trend. Due to persistent supply shortages, aluminum tense scrap prices exhibit significant resilience, with shredded aluminum tense scrap (tax not included) fluctuating within the range of 15,800 to 17,400 yuan/mt, showing relatively limited declines. Baled UBC aluminum scrap is expected to experience a mild pullback to 15,200 to 15,600 yuan/mt (tax not included), with a potential weekly decline of 100 to 150 yuan/mt. Regional price differences will further widen: East China (Shanghai, Shandong) may see daily price adjustments of up to 200 yuan/mt due to the linkage with primary aluminum prices and policy disruptions, resulting in significant volatility. Inland provinces (such as Jiangxi and Hubei) may lack the momentum to follow price increases due to supply-demand differentiation and delayed price adjustments, potentially leading to a further expansion of price differences.   》Subscribe to view SMM metal spot historical prices

SMM June 18 News: Today, spot primary aluminum prices surged significantly by 280 yuan/mt compared to the previous trading day. SMM A00 aluminum ingot prices closed at 20,900 yuan/mt, while the aluminum scrap market struggled to catch up with the price increase. As the off-season in June progresses beyond the halfway mark, downstream scrap utilization enterprises are experiencing weak order releases, with procurement primarily driven by immediate needs. Today, the centralized quoted prices for baled UBC aluminum scrap range from 15,400 to 15,900 yuan/mt (tax not included), while shredded aluminum tense scrap is quoted at 16,000 to 17,500 yuan/mt (tax not included). Regionally, Shanghai, Jiangsu, Shandong, and other regions closely track aluminum prices, with price adjustments ranging from 200 to 250 yuan/mt. In contrast, Jiangxi, Hubei, Henan, Foshan, and other regions lag behind aluminum price adjustments, with price adjustments ranging from 100 to 150 yuan/mt. By product, baled UBC aluminum scrap prices continued to rise by 50 yuan/mt today, while shredded aluminum tense scrap prices increased by 100 yuan/mt compared to yesterday. Prices for wheel hubs removed from vehicle and scrap motorcycle wheels rose by 100 to 200 yuan/mt compared to yesterday. In terms of price differences between A00 aluminum and aluminum scrap, the price difference between A00 aluminum and mechanical casting aluminum scrap in Shanghai expanded by 8 yuan/mt to 1,858 yuan/mt compared to yesterday, while the price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan increased by 211 yuan/mt to 1,718 yuan/mt compared to yesterday. Considering the difficulty in actual shipments, aluminum scrap suppliers are adopting a cautious wait-and-see attitude towards price adjustments amidst rising aluminum prices. It is expected that the aluminum scrap market will continue to fluctuate at highs. The tight supply situation for aluminum tense scrap is unlikely to change, providing solid price support. Wrought aluminum alloy scrap will continue to fluctuate rangebound with primary aluminum, but the risk of a high-level correction in primary aluminum prices, combined with weak demand during the off-season, may suppress upside room. The operating rate of downstream secondary aluminum enterprises may remain low, with a difficult balance between costs and orders. Additionally, after the listing of cast aluminum alloy futures, arbitrage activities may temporarily boost market activity, potentially increasing the price sensitivity of aluminum scrap as a core raw material. Short-term volatility risks should be monitored.   》Subscribe to view historical SMM metal spot prices

SMM, June 5: Today, spot primary aluminum prices saw a slight decrease of 30 yuan/mt compared to the previous trading day. SMM A00 aluminum ingot prices closed at 20,250 yuan/mt, while aluminum scrap market prices generally remained stable. As the off-season in June begins, downstream scrap utilisation enterprises are experiencing weak order releases, with procurement primarily driven by immediate needs. Today, the quoted prices for baled UBC aluminum scrap are concentrated in the range of 15,000-15,500 yuan/mt (tax-exclusive), while shredded aluminum tense scrap prices are concentrated in the range of 15,500-17,000 yuan/mt (tax-exclusive). Regionally, areas such as Shanghai, Jiangsu, and Shandong closely track aluminum prices, with price adjustments ranging from 0-50 yuan/mt. In contrast, regions like Jiangxi, Foshan, and Guizhou lag behind aluminum price movements, with quoted prices remaining unchanged from yesterday. By product, baled UBC aluminum scrap prices remained stable compared to the previous trading day in Henan, Foshan, and Jiangxi, while Sichuan, Chongqing, Shanghai, and Zhejiang saw an overall decrease of 100 yuan/mt. For shredded aluminum tense scrap, except for Anhui, which chose to increase prices by 100 yuan/mt, quoted prices in other regions remained unchanged from the previous trading day. It is expected that the aluminum scrap market will continue to fluctuate at highs. The tight supply of aluminum tense scrap is unlikely to change, providing solid price support. Wrought aluminum alloy scrap will continue to fluctuate rangebound with primary aluminum, but the risk of a high-level correction in primary aluminum prices, combined with weak demand during the off-season, may suppress upside room. The operating rate of downstream secondary aluminum enterprises is likely to remain low, with a difficult balance between costs and orders. Regarding reverse invoicing, Jiangxi, Anhui, Hubei, and other regions are actively promoting its implementation among producers and suppliers. According to feedback from some scrap utilisation enterprises, the tax costs arising from reverse invoicing will be shared by suppliers and producers, and these costs will ultimately be passed on to raw material prices. On the other hand, cast aluminum alloy futures will be listed on June 10. Futures arbitrage activities may temporarily boost market activity in the secondary aluminum alloy sector. As aluminum scrap is a core production raw material, its price sensitivity may be further heightened. 》Subscribe to view historical SMM metal spot prices

SMM, May 30: Today, spot primary aluminum prices fell by 90 yuan/mt compared to the previous trading day. SMM A00 spot aluminum closed at 20,290 yuan/mt. Prices in the aluminum scrap market varied, but overall, they remained at high levels. With the off-season in June approaching, downstream processing enterprises are experiencing weak order releases, and purchases are mainly driven by immediate needs. Today, the concentrated quotes for baled UBC aluminum scrap range from 15,250 to 15,850 yuan/mt (tax excluded), while the concentrated quotes for shredded aluminum tense scrap range from 15,600 to 17,100 yuan/mt (tax excluded). Regionally, Shanghai, Jiangxi, Jiangsu, Henan, Shandong, and other places closely track aluminum prices, with price adjustments ranging from 50 to 100 yuan/mt. In Guizhou and Foshan, prices remained unchanged from yesterday. In terms of the price difference between A00 aluminum and aluminum scrap, the price spread between A00 aluminum and mechanical casting aluminum scrap in Shanghai increased by 18 yuan to 1,845 yuan/mt compared to yesterday, while the price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan decreased by 90 yuan to 1,424 yuan/mt compared to yesterday. According to an SMM survey, regarding the implementation progress of "reverse invoicing," Anhui, Henan, Hubei, and other places have continued to increase their efforts in implementing invoicing. Traders in relevant regions have once again adopted a wait-and-see attitude towards subsequent prices. In the short term, aluminum scrap market prices are expected to continue fluctuating at highs. The tight supply of aluminum tense scrap is unlikely to change, providing solid price support. Wrought aluminum alloy scrap will continue to fluctuate rangebound with primary aluminum, but the accumulation of risks associated with a potential high-level correction in primary aluminum prices, combined with weak demand during the off-season, will limit upside room. For downstream aluminum scrap-using enterprises, cost pressures and weak terminal orders continue to compete, and the operating rates of enterprises may remain low. The narrowing of import losses may partially alleviate supply pressures, but the transmission effect will be limited. Regional and product price differences may further diverge. Tight supply in South China and other regions may support localized price increases, while prices in regions with weak demand will face downward pressure. 》Subscribe to view SMM metal spot historical prices