Aluminum Prices Fluctuate Upward; Partial Increase in Secondary Aluminum Prices [ADC12 Price Daily Review]

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【Aluminum Prices Fluctuate Upward, Partial Increase in Secondary Aluminum Prices】Today, aluminum prices extended their three-day rise, with SMM A00 aluminum prices increasing by 130 yuan/mt from the previous trading day to 20,820 yuan/mt, and secondary aluminum prices partially following the increase. Domestically, SMM ADC12 prices rose by 100 yuan/mt to 21,300-21,500 yuan/mt. In the import market, overseas ADC12 prices continued to rise to the range of $2,480-2,500/mt. However, due to the appreciation of the yuan, the real-time profit per mt of imported ADC12 remained within 100 yuan. Today's aluminum price rally accelerated, but quotes in the secondary aluminum market showed slight divergence. Some companies, constrained by cost pressure, actively followed the increase by 100 yuan/mt, while others reported difficulty in raising prices due to increasing market supply, which exerted resistance on prices. In the short term, secondary aluminum alloy prices are expected to primarily adjust within a narrow range along with aluminum prices.

Note: Import profit refers to real-time profit

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