Aluminum prices fluctuated rangebound, the secondary aluminum market remained stable. [ADC12 Price Daily Review]

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【Aluminum prices fluctuated rangebound, secondary aluminum market remained stable】Today, prices maintained rangebound adjustments. SMM A00 aluminum prices rose by 10 yuan/mt to 20,670 yuan/mt compared to the previous trading day, while secondary aluminum prices remained stable. Domestic SMM ADC12 prices were flat in the range of 21,000-21,200 yuan/mt. In the import market, overseas ADC12 quotations continued to stay above $2,500/mt, while domestic prices faced downward pressure recently, coupled with the continuous depreciation of the yuan, resulting in the real-time loss of imported ADC12 expanding to over 500 yuan/mt. Today, aluminum prices showed relatively small overall fluctuations, and the sentiment for price adjustments in the secondary aluminum market was low. Insufficient demand combined with weakening costs has led to a short-term trend where secondary aluminum alloy prices are more likely to fall than rise.

Note: Import profit refers to real-time profit

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