Aluminum Prices Rebound Sharply, Secondary Aluminum Prices Show Insufficient Growth [ADC12 Price Daily Review]

》Click to View SMM Spot Aluminum Quotes

【Aluminum Prices Rebound Sharply, Secondary Aluminum Prices Lack Momentum】Today, aluminum prices recovered losses from the previous two days, with SMM A00 aluminum prices surging by 190 yuan from the previous trading day to 20,900 yuan/mt, while secondary aluminum prices encountered resistance. Domestically, SMM ADC12 prices remained flat from yesterday at 21,200-21,400 yuan/mt; in the import market, overseas ADC12 prices held firm at a high level near $2,500/mt. Due to the strengthening of the yuan exchange rate, real-time import losses slightly narrowed to within 200 yuan/mt. Today's aluminum prices rebounded significantly, but the secondary aluminum market lacked upward momentum, with most manufacturers maintaining a wait-and-see approach. Current market demand is weaker than expected, with orders recovering slowly, limiting the upside room for ADC12 prices. As raw material market liquidity improves, cost side support is weakening further. If the recovery in end-use consumption lacks sustainability, coupled with further loosening of cost support, ADC12 prices are expected to face continued resistance to upward adjustments or even downward pressure.

Note: Import profits refer to real-time profit

》Subscribe to View SMM Historical Spot Metal Prices