China’s Alumina Import Window Has Remained Closed since January 18

[SMM Aluminum Alloy Daily Review] Today, ADC12 market quotes consolidated on a subdued note, with SMM ADC12 lowered by 100 yuan/mt. The cost side still offered some support, but the pullback in futures and primary aluminum prices weighed on market sentiment. Meanwhile, end-use demand was lackluster, marked by insufficient orders and weak transactional support. Enterprises generally adjusted prices by following the market, with a weaker willingness to hold prices firm. In the short term, ADC12 prices still face some downward pressure, but with cost support remaining in place, prices are expected to move sideways.

[ADC12 Price Daily Review: Tug-of-war between longs and shorts, futures pressure evident, ADC12 consolidates on a subdued note amid cost support] Today, ADC12 market offers consolidated on a subdued note, and SMM ADC12 dropped 100 yuan/mt.

After the opening, SHFE aluminum futures experienced a slight correction. Although traders in the central China market had the intention to hold prices firm, weak purchase willingness from downstream processing enterprises suppressed overall market transactions. Only hedging traders were willing to purchase in large quantities when premiums were less negative, aiming to widen price spreads for profit. Market offers edged up but remained at relatively low levels. Ultimately, the actual transaction price range in the central China market was around a premium of -170 to -190 yuan/mt against the SHFE aluminum August contract.