Aluminum ADC12 Import Prices Drop, Domestic-Ex-China Gap Narrows to 2,300 Yuan/mt

Published: Jun 26, 2026 13:27

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[SMM aluminum flash] Current import ADC12 prices have pulled back to $3,230–$3,300/mt, and the domestic-ex-China inversion gap has narrowed to around 2,300 yuan/mt, the lowest level since mid-March. As prices outside China soften, import losses have recovered markedly from the earlier period. However, constrained by the still-large inversion, the import window remains closed. The willingness to bring in overseas resources is limited, and in the short term, their incremental supplement to domestic supply remains weak.

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