LME Aluminum to Fluctuate at Highs (2017-7-7)

[SMM Aluminum Alloy Daily Review] Today, ADC12 market quotations showed an overall upward trend, with the SMM ADC12 price rising by 100 yuan/mt from the previous day to 23,800 yuan/mt. Market sentiment recovered somewhat, and enterprises’ willingness to follow the price increase strengthened significantly. Meanwhile, procurement costs of aluminum scrap remained at a relatively high level, with the cost side continuing to support ADC12 prices, prompting enterprises to actively push up their quotations. However, from the demand side, the improvement in downstream procurement sentiment was limited, end-user orders remained mediocre, and market transactions were dominated by just-in-time procurement. The actual transaction situation after the price increase still needs further verification.