Aluminum Prices Drop Back Slightly, Secondary Aluminum Prices Largely Stable [Daily Review of ADC12 Prices]

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【Aluminum Prices Dropped Back Slightly, Secondary Aluminum Prices Largely Stable】Today, aluminum prices dropped back slightly, with SMM A00 aluminum prices falling by 50 yuan/mt from the previous trading day to 20,540 yuan/mt, while secondary aluminum prices remained largely stable. Domestically, SMM ADC12 prices were flat at 21,200-21,400 yuan/mt. In the import market, overseas ADC12 prices ranged from $2,420/mt to $2,460/mt, and the real-time profit for imported ADC12 remained in a slight profit state. This week, the secondary aluminum market continued its recovery phase, with operating rates at secondary aluminum plants gradually rebounding to normal levels. The accelerated resumption of upstream and downstream operations boosted market trading activity, and raw material procurement by manufacturers also gradually resumed. Supported by costs and driven by demand recovery, coupled with limited supply of imported cargoes, ADC12 prices are expected to fluctuate upward in the short term.

Note: Import profit refers to real-time profit

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