Aluminum Prices Continue to Rebound, Secondary Aluminum Prices Lack Momentum [ADC12 Price Daily Review]

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【Aluminum Prices Continue to Rebound, Secondary Aluminum Prices Lack Momentum】Today, aluminum prices maintained yesterday's upward trend, with SMM A00 aluminum prices rising by another 90 yuan/mt from the previous trading day to 20,690 yuan/mt, while secondary aluminum prices remained mostly flat. Domestically, SMM ADC12 prices remained stable at 21,200-21,400 yuan/mt. In the import market, overseas ADC12 prices increased to the range of $2,440-2,480/mt, and the real-time profit per ton for imported ADC12 further narrowed to within 100 yuan. Although aluminum prices continued to rise today, the overall quotations in the secondary aluminum market remained stable, with limited upward momentum. Recently, as traders resumed operations and overseas imports increased, the circulation of aluminum scrap in the market has grown, slightly easing cost pressure for secondary aluminum plants. Currently, downstream demand recovery is slightly slower than expected, and with the continuous increase in market supply, prices are under pressure. Low-priced cargoes in the market have increased, and secondary aluminum alloy prices are expected to undergo narrow-range adjustments in the short term.

Note: Import profits refer to real-time profits

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