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Aluminum Alloy & Scrap Market Update 2023 #18 Both alloys and scrap continue to seek higher prices

The aluminum alloy and domestic aluminum scrap markets, which entered a rebound phase in late August, have continued to move higher. With the progress of inventory adjustment of alloys, which had been a concern due to the recovery of automobile production, some scrap wholesalers, anticipating future shortages, took the risk of raising their own purchase prices around the end of August, which triggered this trend. Against the backdrop of favorable supply-demand balance, alloy makers also turned to a bullish sales stance to correct high raw material prices and low product prices, and both markets have been strengthening.
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