Sluggish Demand, Secondary Aluminum Prices Continue to Fall [[Daily Review of ADC12 Prices]]

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[Weak Demand, Secondary Aluminum Prices Continue to Fall] Today, the SMM A00 aluminum price fell by another 240 yuan/mt from the previous trading day to 19,610 yuan/mt. The domestic SMM ADC12 price was adjusted down by 100 yuan/mt to the range of 20,200-20,400 yuan/mt. In the import market, overseas ADC12 quotes were slightly lowered to $2,410-2,440/mt, and the instant loss for imported ADC12 remained around 600 yuan/mt. Today, the decline in aluminum prices widened, and secondary aluminum smelters continued to follow suit with a 100 yuan/mt drop. Entering May, the demand for secondary aluminum continued to weaken, and amidst the continuous price declines, downstream purchase intentions remained sluggish, with a strong wait-and-see sentiment prevailing in the market. Against the backdrop of a lack of effective support on the demand side, it is expected that the ADC12 price will remain in the doldrums in the short term.

Note: Import profit refers to real-time profit

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