Aluminum Prices Continue to Rise Slightly, Secondary Aluminum Market Remains Stable [ADC12 Price Daily Review]

》Click to View SMM Spot Aluminum Quotations

【Aluminum Prices Continue to Rise Slightly, Secondary Aluminum Market Remains Stable】Today, aluminum prices extended yesterday's upward trend, with spot SMM A00 aluminum prices rising by 90 yuan/mt from the previous day to 20,230 yuan/mt, while secondary aluminum prices remained stable. For domestic prices, SMM ADC12 prices were unchanged from the previous day at 21,000-21,200 yuan/mt. On the import side, overseas prices for imported ADC12 slightly decreased to the range of $2,420-2,450/mt, and the immediate profit for imported ADC12 improved from previous losses to near the break-even point. Although secondary aluminum plants gradually resumed production from the sixth day of the holiday, both upstream and downstream sectors remained largely in holiday mode, resulting in a subdued market atmosphere with limited transactions. Manufacturers' quotations remained unchanged, adopting a wait-and-see approach. Demand has not yet fully recovered, but raw material costs continue to provide some support for ADC12 prices. In the short term, ADC12 prices are expected to remain firm.

Note: Import profits refer to real-time profit

》Subscribe to View SMM Historical Spot Metal Prices