Aluminum Prices Retrace While Secondary Aluminum Prices Remain Firm [ADC12 Price Daily Review]

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【Aluminum Prices Retract, Secondary Aluminum Prices Remain Firm】Today, aluminum prices ended a four-day rally, with SMM A00 aluminum prices dropping by 140 yuan/mt from the previous trading day to 20,020 yuan/mt, while secondary aluminum prices remained firm. For domestic prices, large domestic secondary aluminum enterprises maintained quotes at 20,800-21,000 yuan/mt, while medium and small factories kept quotes steady at 20,500-20,700 yuan/mt. On the import side, overseas prices for imported ADC12 slightly ranged between $2,440-2,470/mt, with real-time losses for imported ADC12 hovering around 500 yuan/mt. Today, aluminum prices began to retract, while secondary aluminum prices remained firm, and enterprises showed little willingness to adjust prices. As the Chinese New Year approaches, upstream aluminum scrap traders have gradually entered the holiday period, leading to continued tight market supply. Secondary aluminum plants faced challenges in stocking up raw materials before the holiday, with costs providing some support to prices. On the demand side, due to pre-holiday market fluctuations, downstream stocking sentiment was weak, and die-casting plants only stocked up in small quantities. As both upstream and downstream sectors gradually enter the holiday period, pre-holiday secondary aluminum alloy prices are expected to see narrow-range adjustments.

Note: Import profits refer to real-time profits

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