Scrap Metal Prices and Scrap Metal Auctions

Spurred by fundamental stress of over-capacity, London Metal Exchange(LME) opened high, ran low, closed low after the volatility and finally closed at 2,185 points, down by 20 points, or 0.91%. In terms of the stock, Monday, LME aluminum stock dropped 6,025 tons, totally to 4,391,650 tons.
Today, Shanghai aluminum, opened low, ran low, on the main [...]

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Spurred by the weak U.S. non-farm payrolls data, the demand confidence for metals was hit. London Metal Exchange (LME) aluminum futures dropped from high on 6th and closing remained almost no change, finally closed at 2,205 points, up by 5 points, or 0.23%. In terms of stock, LME aluminum stock dropped 2,825 tons, the total [...]

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Spurred by the unexpectedly recesse of U.S. employment data and the message of stress testing of the Bank of China, the London Metal Exchange (LME) showed that aluminum futures fall back on 5th, and finally closed at 2,220 points, down by 20 by points, or 0.9%. In terms of the stock, LME aluminum stock dropped [...]

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Spurred by Europe and the United States encouraging economic data, the concern over the significant slowdown of global economic recovery has been mitigated, the London Metal Exchange (LME) showed that aluminum futures, following the copper futures’ trend, rebounded slightly and closed high, and finally closed at 2,220 points, up by 25 points, or 1.14%. In [...]

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Spurred by the better stock market in the EU and UAS, the London Metal Exchange (LME) showed that aluminum futures on 29th rebounded, rose and finally closed at 2,095 points, up by 25 points, or 1.21%. Inventory, on Thursday, dropped 4,500 tons, totally to 4,390,625 tons.
Today Shanghai aluminum opened low and fluctuated low. Contract 1011 [...]

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Dynamics of domestic aluminum parts
Guangdong region: this week, trading market was stable and trading atmosphere was sluggish. Stock was a little tight and goods holders quoted firmly. Buyers procured at a negotiated lower price. Latest Market Price: shred taint (90-92%) 11,600 RMB/T.
Hebei region: this week, Hebei price was stable though transaction market was a little [...]

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Shanghai aluminum futures open low today and rose, fluctuating down. Contract 1009 closed at 14,830 points, down by 75 points, or 0.5%, trading at 14,790 to 14,970, positions reduced 2,254 hands, volume reduced significantly.
On the spot market, the Yangtze A00 aluminum 14,610-14,650 RMB/T, down by 10 RMB/T; Shanghai A00 aluminum ingot 14,630-14,660 RMB/T, down by [...]

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Shanghai aluminum opened low today and closed bottom. Contract 1009 closed at 15,055 points, down by 325 points, or
2.11%, trading at 14,800 to 15,310, positions increased 8,860 hands, trading volume rose sharply.
On the spot market, the Yangtze A00 aluminum 14,820-14,860 RMB/T, down by 60 RMB/T; Shanghai A00 aluminum ingot
14,810-14,850 RMB/T, down by 85 RMB/T; Guangdong [...]

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