Directly impacted by the weak orders from downstream scrap utilisation enterprises during the traditional off-season, purchases only maintained just-in-time demand. Shredded aluminium tense scrap demonstrated strong resilience against price drops due to persistent supply tightness, with outstanding price resilience. Prices remained basically stable within the range of RMB 15,700-17,300 per tonne (tax not included) during the week.
Baled UBC prices largely followed the aluminium price decline, with prices under pressure and declining cumulatively by RMB 150 per tonne during the week, closing at RMB 15,200-15,700 per tonne (tax not included).
Regional performance varied significantly. East China (Shanghai, Jiangsu, Shandong) closely followed the fluctuations in primary aluminium prices, with frequent and relatively large price adjustments (up to RMB 300 per tonne in a single day). In contrast, Hunan, Guangdong, Jiangxi, Anhui, and other regions experienced delayed price adjustments with relatively smaller magnitudes.
It is expected that next week, the aluminium scrap market may follow the bearish expectations for aluminium prices, with the overall price centre shifting downward again.
Insufficient raw material supply will provide medium and long-term support for aluminium scrap prices, but weak off-season demand will continue to constrain upside room.
Shredded aluminium tense scrap will remain resilient in price due to strong support from tight supply, with prices expected to fluctuate rangebound within the RMB 15,600-17,200 per tonne range. Baled UBC will face significant downward pressure due to weak off-season demand, with prices possibly dropping to RMB 15,000-15,500 per tonne.
