Aluminum Prices Narrowly Adjust; Secondary Aluminum Prices Fluctuate Relatively Small [ADC12 Price Daily Review]

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【Aluminum Prices Fluctuate Rangebound, Secondary Aluminum Prices Relatively Stable】Today, aluminum prices fluctuated rangebound around 19,600 yuan/mt. SMM A00 aluminum prices rose by 10 yuan/mt from the previous day to 19,640 yuan/mt, while secondary aluminum prices remained generally stable. Domestically, large secondary aluminum enterprises maintained their quotations at 20,500-20,800 yuan/mt, while medium and small factories kept their prices steady at 20,300-20,500 yuan/mt. On the import side, overseas prices for imported ADC12 ranged between $2,430-2,460/mt, with real-time losses per ton for imported ADC12 hovering around 500 yuan. Overall, aluminum prices showed relatively small fluctuations today, and the secondary aluminum market remained stable, with manufacturers' quotations largely unchanged from the previous day. Currently, raw material supply remains tight, production costs for secondary aluminum plants are high, and finished product inventories are relatively low, providing some support for secondary aluminum alloy prices. In the short term, ADC12 prices are expected to remain more likely to rise than fall.

Note: Import profits refer to real-time profit

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