Aluminum Prices Slightly Increased, Secondary Aluminum Prices Remain Stable [ADC12 Price Daily Review]

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【Aluminum Prices Slightly Increased, Secondary Aluminum Prices Remain Stable】Today, aluminum prices slightly increased again, with SMM A00 aluminum prices rising by 50 yuan/mt from the previous trading day to 20,600 yuan/mt, while secondary aluminum prices remained stable. Domestically, SMM ADC12 prices remained unchanged at 21,100-21,300 yuan/mt. In the import market, overseas ADC12 prices held steady at $2,480-2,500/mt, and ADC12 import real-time losses remained within the range of 200-300 yuan/mt, keeping the import window closed. Today, aluminum prices slightly increased, while secondary aluminum manufacturers continued to maintain stable quotations. Currently, the operating rate of secondary aluminum plants has returned to normal, leading to an increase in market supply. However, downstream demand remains weak, with reduced orders from enterprises and accumulating social and production site inventories, resulting in limited momentum for price increases. In the short term, ADC12 prices are expected to fluctuate rangebound, with upside room constrained by supply growth pressure and the slow pace of demand recovery, while downside is supported by aluminum scrap costs. Attention should be paid to the recent circulation of raw materials and the recovery of end-use consumption.

Note: Import profits refer to real-time profit

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