Chine : les ventes au détail de véhicules à énergies nouvelles en baisse de 7 % sur un an en juin, les ventes en gros en hausse de 22 %

[SMM Cast Aluminum Alloy Morning Comment: Futures Pullback Weighs on Spot; Cost Support Limits Downside Room] Yesterday, aluminum alloy market quotes were broadly lower, with the SMM ADC12 price lowered by 200 yuan/mt. The futures pullback further dampened spot market sentiment, and enterprises generally followed by lowering their quotes. The downstream sector is still in a demand off-season, with some enterprises still on high-temperature holidays or operating at reduced loads. End-user orders and procurement demand are weak, and the spot market lacks sustained upward momentum. However, the cost side still provides some support, as aluminum scrap prices remain relatively high overall and enterprises have limited room to cut prices further. The market lacks demand drivers on the upside, while the downside is constrained by costs. In the short term, ADC12 prices are expected to continue to consolidate within a range.