Aluminum Prices Continue to Rise Above 20,000, Secondary Aluminum Prices Actively Adjusted Upward [ADC12 Price Daily Review]

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【Aluminum Prices Continue to Rise Above 20,000 Yuan, Secondary Aluminum Prices Actively Adjusted Upward】Today, aluminum prices maintained their upward momentum, with SMM A00 aluminum prices rising by 170 yuan/mt from the previous trading day to 20,150 yuan/mt, marking a three-day rebound. Secondary aluminum prices continued to actively follow the increase. For domestic prices, large domestic secondary aluminum enterprises raised their quotes by 100 yuan/mt to 20,800-21,000 yuan/mt, while small and medium-sized plants raised their quotes by 100 yuan/mt to 20,500-20,700 yuan/mt. On the import side, imported ADC12 overseas prices slightly increased to the range of $2,440-2,470/mt. Due to rising prices both domestically and internationally, the real-time loss for imported ADC12 remained around 500 yuan/mt. Today, aluminum prices rebounded again above 20,000 yuan, and the secondary aluminum market generally continued to adjust upward by 100 yuan/mt. As the Chinese New Year approaches, upstream aluminum scrap traders have gradually entered the holiday period, leading to continued tight market supply and difficulties in pre-holiday raw material stocking for secondary aluminum plants. On the demand side, due to market fluctuations before the holiday, downstream stocking sentiment was weak, with die-casting plants only stocking in small quantities. High costs and low inventory provided some support for secondary aluminum alloy prices, and ADC12 prices are expected to remain more likely to rise than fall in the short term.

Note: Import profit refers to real-time profit

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