Aluminum Prices Remain Stable, Sentiment for Secondary Aluminum Price Adjustment Remains Weak [ADC12 Price Daily Review]

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【Aluminum Prices Remain Stable, Sentiment for Secondary Aluminum Price Adjustment Weak】Today, aluminum prices fluctuated at high levels, with SMM A00 aluminum prices remaining unchanged from the previous trading day at 20,910 yuan/mt, and secondary aluminum prices also staying stable. Domestic SMM ADC12 prices were flat compared to yesterday, ranging from 21,200-21,400 yuan/mt. In the import market, overseas ADC12 prices remained firm at a high level near $2,500/mt, while real-time import losses stayed within 200 yuan/mt. Current demand rebound is insufficient, and the market has abundant low-priced cargoes, limiting the upside room for ADC12 prices. With improved liquidity in the raw material market, the pressure on raw material procurement for secondary aluminum plants has continued 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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