Cost support drives ADC12 aluminum alloy prices up; peak season demand recovery remains limited [SMM cast aluminum alloy morning comment]
[SMM cast aluminum alloy morning comment: Cost support drives ADC12 prices up, while peak-season demand recovery remains limited] Yesterday, ADC12 market quotes consolidated on a strong note overall, with the SMM ADC12 price rising by 50 yuan/mt from the previous day to 24,350 yuan/mt. Driven by higher aluminum prices and raw material costs, some enterprises raised their quotes by 100 yuan/mt. However, given that the recovery in end-use demand remains insufficient, other enterprises opted to hold quotes steady and wait on the sidelines, leaving overall market pricing relatively cautious. As the traditional peak season gradually progresses, some downstream orders have improved compared with the earlier period, and marginal signs of demand recovery have begun to emerge, but the overall extent of the recovery remains limited. In the short term, ADC12 prices are likely to continue consolidating on a strong note, with the upside still dependent on how persistently peak-season demand materializes and how sustainable cost support proves to be.