Aluminum Prices Fall Back From Highs, Secondary Aluminum Prices Follow the Decline [ADC12 Price Daily Review]

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【Aluminum Prices Pull Back from Highs, Secondary Aluminum Prices Follow】Today, aluminum prices ended their consecutive gains, with SMM A00 aluminum prices falling by 230 yuan/mt from the previous trading day to 20,590 yuan/mt, and some secondary aluminum prices followed the decline. Domestically, SMM ADC12 prices dropped by 100 yuan/mt to 21,200-21,400 yuan/mt. In the import market, overseas ADC12 prices remained stable at $2,480-2,500/mt. With the domestic price decline, the real-time profit for importing ADC12 narrowed to near the break-even line. Today, the center of aluminum prices shifted downward, and quotes in the secondary aluminum market remained mixed. Some companies retracted last Friday's gains and adjusted prices down by 100 yuan/mt in line with the market, while others maintained firm quotes supported by costs. In the short term, ADC12 prices are expected to continue fluctuating rangebound, with upside room constrained by the pressure of increased supply and the slow pace of demand recovery, while the downside is supported by aluminum scrap costs. Attention should be focused on the recent circulation of raw materials and the recovery of end-use consumption.

Note: Import profit refers to real-time profit

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