Aluminum Prices Fluctuate Rangebound, Secondary Aluminum Prices Remain Stable [ADC12 Price Daily Review]

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【Aluminum Prices Fluctuate Rangebound, Secondary Aluminum Prices Remain Stable】Today, aluminum prices fluctuated at high levels, with SMM A00 aluminum prices rising by 10 yuan from the previous trading day to 20,910 yuan/mt, while secondary aluminum prices remained stable. Domestic SMM ADC12 prices were unchanged from yesterday, staying within the range of 21,200-21,400 yuan/mt. In the import market, overseas ADC12 prices held firm at a high level near $2,500/mt, with real-time import losses remaining within 200 yuan/mt. Aluminum prices saw slight fluctuations today, and the secondary aluminum market remained stable. Currently, downstream demand is weak, and the market has abundant low-priced cargoes, limiting the upside room for ADC12 prices. As the liquidity in the raw material market improves, the raw material procurement pressure on secondary aluminum plants continues to ease. If demand shows no significant improvement, ADC12 prices may face downward pressure due to cost relaxation and the impact of low-priced cargoes in the market.

Note: Import profit refers to real-time profit

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