RMB Exchange Rate Surges, Narrowing Instant Import Losses [ADC12 Price Daily Review]

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【RMB Exchange Rate Surges, Import Real-Time Loss Narrows】Today, aluminum prices rebounded slightly, with SMM A00 aluminum prices rising by 60 yuan/mt from the previous trading day to 20,320 yuan/mt, while secondary aluminum prices remained largely stable. Domestically, large secondary aluminum enterprises maintained their quotes at 20,800-21,100 yuan/mt, while medium and small factories kept their quotes steady at 20,500-20,700 yuan/mt. On the import side, overseas prices for imported ADC12 ranged from $2,440-2,470/mt. A sharp drop in the US dollar index led to a significant appreciation of the RMB against the US dollar, reaching a one-month high. Consequently, the real-time loss for imported ADC12 narrowed significantly to within 100 yuan, approaching the break-even point. Today, aluminum prices saw a slight rebound, and secondary aluminum plants generally maintained a stable and cautious stance. Since the beginning of this week, secondary aluminum plants have gradually stopped taking orders and entered a centralized holiday period. Meanwhile, downstream stockpiling has mostly concluded, and as downstream operations halt for the holidays, market transactions have gradually weakened, with a growing disparity between quoted and actual prices. ADC12 prices are expected to undergo narrow fluctuations this week.

Note: Import profit refers to real-time profit

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