Aluminum Prices Fall Below the 20,000 Mark, Secondary Aluminum Prices Slightly Decline Steadily [ADC12 Price Daily Review]

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【Aluminum Prices Fall Below 20,000 Yuan Mark, Secondary Aluminum Prices Stable with Slight Decline】Today, aluminum prices saw a further decline. SMM A00 aluminum prices dropped by 260 yuan/mt from yesterday to 19,990 yuan/mt, retreating to a nearly three-month low, while secondary aluminum prices remained relatively firm. Domestically, large secondary aluminum enterprises reduced their quotes by 0-100 yuan/mt to 20,300-20,700 yuan/mt, while medium and small factories lowered their quotes by 0-100 yuan/mt to 20,000-20,200 yuan/mt. On the import side, current overseas prices for imported ADC12 remain in the range of $2,420-2,460/mt, with port spot cargoes quoted flat at 19,600-19,800 yuan/mt. The real-time loss per ton for imported ADC12 remains around 500 yuan. Recently, bearish factors have been concentrated in the aluminum market, leading to today's further decline in aluminum prices, breaking below the 20,000 yuan mark. Meanwhile, secondary aluminum alloy market quotes fell by up to 100 yuan/mt, with many enterprises choosing to stand firm on quotes. This is mainly due to the tight circulation of aluminum scrap. Secondary aluminum plants are actively procuring to meet delivery and stocking demand, but procurement remains relatively challenging. The cost side has seen only a relatively small decline, supporting secondary aluminum alloy prices to remain firm. In the short term, secondary aluminum alloy prices are expected to fluctuate rangebound along with aluminum prices.

Note: Import profit refers to real-time profit

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