Aluminum Scrap Markets
June 4, 2024
Prices divide traders and manufacturers in RMU survey
Written by Gabriella Vagnini
Despite a bullish sentiment in the market, Recycled Metals Update’s latest survey reveals a surprising divergence in non-ferrous scrap price expectations for next month.
A staggering 80% of traders are betting on price increases, driven by strong investor interest and tight market conditions in the U.S. However, in a shocking contrast, 100% of aluminum manufacturers predict a price decrease, reflecting significant inventory build-ups and potential de-stocking cycles in China. This unexpected split is sure to stir up intense interest and speculation in the market.
