SMM ADC12 Price Drops, Downstream Demand Weak Amid Tight Raw Material Supply
[SMM Aluminum Alloy Daily Review] Today, the SMM ADC12 price fell by 150 yuan/mt from the previous day to 23,850 yuan/mt. Amid the continuous price decline, the purchasing enthusiasm of downstream clients did not pick up significantly. Downstream players still mainly made just-in-time procurement, with a strong wait-and-see sentiment and insufficient restocking willingness. Meanwhile, aluminum scrap prices showed relative resilience. In particular, the supply of compliant raw materials remained tight. The price decline further squeezed the profits of aluminum scrap suppliers, leading to an intensified sentiment of holding back from selling and affecting raw material circulation to some extent.