SIMIS SERVICES

Key Points: This week, scrap aluminum prices showed mixed trends, with chaotic market conditions and frequent price adjustments by enterprises. It is expected that the fluctuations in scrap aluminum prices will slow next week, with the overall price center potentially shifting slightly downward due to two main factors: First, the macroeconomic environment lacks substantial positive drivers, and fundamentals remain weak. Sentiment in capital markets has cooled slightly, posing continued downside risks for aluminum prices. Second, some aluminum producers have adjusted raw material and product prices in response to rising tax costs. Coupled with relatively ample scrap aluminum supply in the market, producers are clearly pushing prices down, which is unfavorable for scrap aluminum price trends.