Chinese New Year Approaching, Secondary Aluminum Market Transactions Sluggish [ADC12 Price Daily Review]

》Click to View SMM Spot Aluminum Quotations

【Chinese New Year Approaching, Secondary Aluminum Market Transactions Sluggish】Today, aluminum prices continued to fluctuate downward, with SMM A00 aluminum prices dropping by 40 yuan/mt from the previous trading day to 20,200 yuan/mt, while secondary aluminum prices remained largely stable. For domestic prices, large domestic secondary aluminum enterprises quoted prices at 20,800-21,100 yuan/mt, while small and medium-sized plants maintained quotes at 20,500-20,700 yuan/mt. On the import side, overseas prices for imported ADC12 ranged from $2,440-2,470/mt, and real-time losses for imported ADC12 narrowed to within 100 yuan. As the Chinese New Year holiday approaches, most secondary aluminum plants have ceased taking orders and shut down for the holiday. Meanwhile, downstream stockpiling has largely concluded, and with downstream production halting for the holiday, market transactions have become increasingly sluggish. ADC12 prices are expected to remain largely stable before the holiday.

Note: Import profit refers to real-time profit

》Subscribe to View SMM Historical Spot Metal Prices