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

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【Aluminum Prices Retract, Secondary Aluminum Prices Remain Stable】Today, aluminum prices shifted downward, with SMM A00 aluminum prices decreasing by 90 yuan/mt from the previous trading day to 20,820 yuan/mt, while secondary aluminum prices remained stable. Domestic SMM ADC12 prices were flat compared to last Friday, staying within the range of 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 widened to around 300 yuan/mt. Today, aluminum prices saw a weak retracement, and secondary aluminum market quotes showed slight divergence. Some enterprises held firm on their quotes, observing market sentiment, while others followed aluminum prices downward by 100 yuan/mt. Currently, downstream demand has shown moderate recovery, with abundant low-priced supplies in the market suppressing the upside room for ADC12 prices. However, the cost side provides partial support for prices. If demand fails to show significant improvement, ADC12 prices will face downward pressure due to subsequent cost easing and the impact of low-priced supplies in the market.

Note: Import profits refer to real-time profit

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