Aluminum Prices Continue to Fluctuate Upward, Secondary Aluminum Prices Follow the Rise [ADC12 Price Daily Review]

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【Aluminum Prices Continue to Fluctuate Upward, Secondary Aluminum Prices Follow】Today, aluminum prices continued to rise, with SMM A00 aluminum prices increasing by 140 yuan/mt from the previous trading day to 20,340 yuan/mt, marking a total increase of 320 yuan/mt over two days. In the secondary aluminum market, prices generally followed the upward trend. For domestic prices, large domestic secondary aluminum enterprises raised their quotations by 0-100 yuan/mt to 20,800-21,100 yuan/mt, while small and medium-sized plants increased their quotations by 0-100 yuan/mt to 20,500-20,700 yuan/mt. On the import side, overseas prices for imported ADC12 ranged from $2,440-2,470/mt. With the rise in domestic prices, the real-time loss on imported ADC12 narrowed to within 400 yuan/mt. Today, aluminum prices maintained their upward momentum, and secondary aluminum plants showed greater enthusiasm for price adjustments compared to yesterday, with most enterprises raising prices by 100 yuan/mt. As the Chinese New Year approaches, downstream holidays and logistics suspensions will lead to a gradual decline in transactions next week, and ADC12 prices are expected to adjust narrowly in line with A00 aluminum prices.

Note: Import profits refer to real-time profit

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