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Top Stories

Aluminium Scrap

Cast aluminium pulls back slightly, short-term maintains fluctuating consolidation battle
Primary AL
Futures: Overnight, the most-traded aluminium alloy 2609 contract closed at 22,830, down 135 from the previous period, a decline of 0.59 per cent. Trading volume was 3,301, up 71 M-o-M, and open interest was 19,216, up 129 M-o-M. The current WR indicator at -38.96 is in the mid-range and has not entered an extreme overbought/oversold zone; there is no particularly strong short-term reversal signal, and consolidation-driven trading is prominent. Open interest rose in tandem; bullish-bearish div ...
UK’s aluminium scrap requirement estimated to hit 6Mt by 2035  - here’s how the country plans to retain more scrap and curb leakage
Recycled AL
The UK has an ambitious aluminium scrap equation to solve. Domestic industry is forecast to require as much as 6 million tonnes of aluminium scrap for recycling by 2035 to support the government’s projected 8 million tonnes of aluminium demand across sectors. Yet much of the metal needed to support that future is already flowing in the opposite direction. The UK exports almost half the aluminium scrap it generates, while imports fill only 27 per cent of the resulting gap. The trend has contin ...

Recycled AL
Aluminium scrap: This week, the aluminium scrap market continued to see a tug-of-war between cost-supported floors and sluggish off-season demand, with prices moving sideways. The SMM A00 spot aluminium price closed at around RMB 22,950 per tonne on July 9. The decline in aluminium scrap was consistently smaller than that in primary aluminium, maintaining its downside resilience. Foshan shredded aluminium tense scrap (priced based on aluminium content) rose RMB 250 per tonne W-o-W. On the pr ...
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