Aluminum Prices Slightly Shift Upward; Secondary Aluminum Prices Remain Stable [ADC12 Price Daily Review]

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【Slight Increase in Aluminum Price Center, Stable Secondary Aluminum Prices】Today, aluminum prices rebounded, with SMM A00 aluminum prices rising by 90 yuan/mt from the previous trading day to 20,600 yuan/mt, while secondary aluminum prices remained stable. Domestically, SMM ADC12 prices were unchanged at 21,200-21,400 yuan/mt. In the import market, overseas ADC12 prices ranged from $2,420-2,460/mt. Due to a slight appreciation of the yuan, real-time profit for imported ADC12 expanded slightly. This week, the secondary aluminum market continued its recovery phase. High fluctuations in primary aluminum prices pushed up aluminum scrap procurement costs, supporting secondary aluminum alloy prices. However, the pace of downstream demand recovery still requires observation. If aluminum prices continue to fluctuate at highs, coupled with limited import supply and seasonal demand recovery, the price center of ADC12 is expected to move further upward.

Note: Import profit refers to real-time profit

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