SMM ADC12 Price Holds Steady at 23,900 Yuan/mt, Spot Market Shows Resilience
[SMM Aluminum Alloy Daily Comment] Today, the SMM ADC12 price remained flat at 23,900 yuan/mt. This week, cast aluminum alloy futures diverged from SHFE aluminum futures, with the former strengthening steadily while the latter fell below the 24,000 yuan/mt mark. In the spot market, A00 aluminum prices continued to decline, while ADC12 prices remained firm. Today, the price spread between the two returned to positive territory, ending the inversion that had persisted since April, highlighting the resilience of alloy prices.