Aluminum Prices Slightly Increase, Secondary Aluminum Prices Remain Stable [ADC12 Price Daily Review]

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【Aluminum Prices Rise Slightly, Secondary Aluminum Prices Remain Stable】Today, aluminum prices rose slightly, with SMM A00 aluminum prices increasing by 70 yuan/mt from the previous day to 19,770 yuan/mt, while secondary aluminum prices remained stable. Domestically, large secondary aluminum enterprises maintained their quotes at 20,500-20,800 yuan/mt, while medium and small factories kept their quotes steady at 20,200-20,400 yuan/mt. On the import side, overseas prices for imported ADC12 ranged from $2,430 to $2,460/mt. Due to a slight depreciation of the yuan, the real-time loss per ton for imported ADC12 expanded slightly to around 400 yuan. After three consecutive days of decline, aluminum prices saw a slight rebound today. Aluminum scrap raw material prices were basically stable, and secondary aluminum alloy prices continued to remain steady. Currently, the supply of aluminum scrap in the market remains tight, and production costs for secondary aluminum plants are high. Additionally, many secondary aluminum plants reported that reverse invoicing will be fully implemented after January, with attention on its implementation during the week. Some enterprises have reduced their operating rates due to raw material shortages or environmental protection-related controls, and manufacturers' finished product inventories are relatively low. In the short term, secondary aluminum alloy prices are expected to be more likely to rise than fall.

Note: Import profit refers to real-time profit

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