Aluminum Prices Plunged Sharply, Secondary Aluminum Prices Remained Stable with a Downward Trend [ADC12 Price Daily Review]

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【Aluminum Prices Plunged, Secondary Aluminum Prices Remained Stable with a Downward Trend】Aluminum prices experienced a significant correction today. The SMM A00 aluminum price dropped by 190 yuan/mt to 20,620 yuan/mt compared to the previous trading day. The domestic SMM ADC12 price was lowered by 100 yuan/mt to the range of 20,900-21,100 yuan/mt. In the import market, overseas ADC12 quotations remained firm at above $2,500/mt, and the import window continued to be closed. Today, aluminum prices erased the gains of the previous two days, and the secondary aluminum market generally lowered prices by 100 yuan/mt or remained stable with a wait-and-see approach, with weak market transactions. The supply-demand imbalance in the current secondary aluminum alloy market has not yet eased, and ADC12 prices will continue to face downward pressure.

Note: Import profit refers to real-time profit

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