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SMM: Recycled aluminum alloy prices surge again
Today, the recycled aluminum alloy market prices generally increased. In the morning, manufacturers mostly raised prices by 100 yuan/ton, with some companies expanding the increase to 200 yuan/ton due to bullish expectations and low finished product inventories. In the afternoon, the market surged significantly, further boosting market sentiment, and some manufacturers raised prices again, with the daily increase ranging from 100 to 400 yuan/ton. As companies gradually resume work and production, market supply is gradually recovering, and manufacturers’ willingness to ship has strengthened; however, after the holiday, downstream resumption of work is relatively moderate, and order releases remain cautious. Purchases are mainly driven by immediate needs, and overall transaction performance is average. Price increases are more driven by sentiment and costs. (SMM)