Aluminum Prices Rose for Three Consecutive Days, Upward Pressure on Secondary Aluminum Prices Remains [ADC12 Price Daily Review]

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【Aluminum Prices Rise for Three Consecutive Days, Upward Pressure on Secondary Aluminum Prices Remains】Today, aluminum prices continued to rebound, with the SMM A00 aluminum price rising by 90 yuan/mt to 19,980 yuan/mt compared to the previous trading day. The domestic SMM ADC12 price remained stable in the range of 20,500-20,700 yuan/mt. In the import market, overseas ADC12 quotations were maintained at $2,430-2,450/mt, and the real-time loss for imported ADC12 remained around 600 yuan/mt. Aluminum prices rose continuously this week, but the purchase willingness of downstream enterprises remained weak. As the Labour Day holiday approaches, some die-casting enterprises are expected to stockpile before the holiday, which is expected to drive an improvement in market transactions next week. In the short term, secondary aluminum alloy prices are expected to fluctuate rangebound, with weak demand and high inventory suppressing the upside, while high aluminum scrap costs provide bottom support. Subsequent focus will be on the pre-holiday stockpiling pace and changes in the macro environment.

Note: Import profit refers to real-time profit

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