Surging Aluminum Prices Hit Beverage Can Makers, SMM Reports

[SMM Aluminum Alloy Flash] ADC12 market prices remained generally stable today, with SMM ADC12 prices holding steady at 24,500 yuan/mt from the previous trading day. Raw material prices saw limited fluctuations overall today, but as tax invoice policies are being enforced more strictly across multiple regions, enterprises face higher compliance requirements in procurement. The supply of invoiced aluminum scrap is relatively tight, keeping enterprises' comprehensive raw material procurement costs at elevated levels, with limited downside in the short term. Future price trends will require close attention to the progress of tax invoice policy implementation, changes in aluminum scrap supply, and downstream stockpiling ahead of the dual holidays.

[ADC12 Price Daily Commentary: Aluminum Alloy Futures Retreat after Rapid Rise, Spot Quotes Remain Stable] The most-traded AD2611 cast aluminum alloy contract opened at 23,765 yuan/mt today. After touching a high of 23,795 yuan/mt in early trading, it moved sideways at elevated levels, and closed at 23,670 yuan/mt at midday, the intraday low, down 60 yuan, or 0.25%, from yesterday's settlement price.