Aluminum Prices Maintain Narrow Fluctuations, Secondary Aluminum Prices Remain Stable [ADC12 Price Daily Review]

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【Aluminum Prices Maintain Narrow Adjustments, Secondary Aluminum Prices Remain Stable】Today, aluminum prices slightly declined again, with SMM A00 aluminum prices dropping by 30 yuan/mt from the previous trading day to 20,510 yuan/mt, while secondary aluminum prices remained stable. Domestically, SMM ADC12 prices remained unchanged at 21,200-21,400 yuan/mt. In the import market, overseas ADC12 prices were in the range of $2,420-2,460/mt. Due to a slight appreciation of the yuan, the real-time profit for imported ADC12 expanded slightly. This week, the secondary aluminum market continued its recovery phase, with operating rates at secondary aluminum plants gradually returning 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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