ADC12 Price Daily Review: Aluminum Rebounds but ADC12 Faces Upward Resistance

Published: Mar 12, 2025 14:16

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[ADC12 Price Daily Review] Today, aluminum prices recovered the losses of the previous two days, with SMM A00 aluminum prices surging by 190 yuan from the previous trading day to 20,900 yuan/mt, while secondary aluminum prices encountered resistance in their upward movement. Domestic SMM ADC12 prices remained flat from yesterday, staying within the range of 21,200-21,400 yuan/mt. In the import market, overseas ADC12 prices held firm at a high level near $2,500/mt, and due to the strengthening of the yuan exchange rate, the immediate import loss slightly narrowed to within 200 yuan/mt. Aluminum prices rebounded significantly today, but the secondary aluminum market lacked momentum to follow the increase, with most manufacturers maintaining a wait-and-see stance. Current market demand is weaker than expected, with orders recovering slowly, limiting the upside room for ADC12 prices. As raw material market liquidity improves, cost side support is weakening further. If the recovery in end-use consumption lacks sustainability, coupled with further loosening of cost support, ADC12 prices are expected to face continued resistance to upward adjustments or even downward pressure.

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