[SMM Aluminum Flash News] Constellium Outperforms Ryerson Amid Elevated Aluminum Prices

[SMM Aluminum Alloy Daily Review] The SMM ADC12 average price was reported at 24,100 yuan/mt today, down 100 yuan/mt from the previous trading day. During the day, both aluminum futures and aluminum prices weakened, dragging on the ADC12 price to some extent. However, structural issues such as tight tax invoices and difficulties in purchasing compliant aluminum scrap have not eased, keeping enterprises' production costs under continuous pressure and providing some support to spot ADC12 prices. Overall, the current ADC12 market presents a pattern of "strong cost support, weak demand follow-up". In the short term, the downside room for prices is limited, but there is also a lack of sufficient driving force for an upward breakout. Prices are expected to move sideways.

During yesterday's night session and today's morning session, SHFE aluminum futures prices plunged. In the Central China market, downstream processing enterprises' buying sentiment recovered somewhat, and their stockpiling willingness increased. Trading firms engaging in both spot and futures markets were inclined to quickly capture price spreads, with significant sentiment of holding prices firm and holding back from selling, driving market quotations to stay high. Ultimately, the actual transaction price range in the Central China market was around a discount of 120-140 yuan/mt against the SHFE aluminum July contract.