Aluminum Prices Continue to Consolidate Weakly Secondary Aluminum Prices Remain on a Downward Trend [Daily ADC12 Price Review]

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[Aluminum Prices Continue Weak Consolidation, Secondary Aluminum Prices Remain in Decline] Today, aluminum prices fell again, with SMM A00 aluminum prices dropping 130 yuan/mt to 20,660 yuan/mt compared to the previous trading day, and secondary aluminum prices generally declined. Domestic SMM ADC12 prices decreased 100 yuan/mt from last Friday to a range of 21,000-21,200 yuan/mt; in the import market, overseas ADC12 quotes remained at over $2,500/mt (metal content), while recent domestic price trends were under pressure, coupled with a decline in the RMB exchange rate, leading to an expansion of immediate losses for imported ADC12 to over 500 yuan/mt. Today, aluminum prices continued to fall, with many secondary aluminum smelters lowering their quotes by 100 yuan/mt, while some held steady and observed. Insufficient demand and weakening costs maintained a more likely to fall than rise pattern for short-term secondary aluminum alloy prices.

Note: Import profit refers to real-time profit

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