Aluminum Prices Continue to Decline While Secondary Aluminum Prices Remain Firm [ADC12 Price Daily Review]

Published: Dec 16, 2024 16:38

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[ADC12 Price Daily Review] Today, aluminum prices continued the downward trend from last Friday, with SMM A00 aluminum prices falling by 160 yuan/mt WoW to 20,160 yuan/mt, while secondary aluminum prices remained firm.

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【Aluminum Prices Continue to Decline While Secondary Aluminum Prices Remain Firm】Today, aluminum prices extended the downward trend from last Friday, with SMM A00 aluminum prices falling by 160 yuan/mt WoW to 20,160 yuan/mt, while secondary aluminum prices remained firm. For domestic prices, large domestic secondary aluminum enterprises maintained firm quotes at 20,400-20,800 yuan/mt, while medium and small factories also held steady at 20,000-20,300 yuan/mt. On the import side, current overseas prices for imported ADC12 remained in the range of $2,420-2,460/mt, with port spot cargoes quoted flat at 19,600-19,800 yuan/mt. The real-time loss per ton for imported ADC12 continued to narrow to around 500 yuan. Under the constraints of reduced seasonal dismantling volumes and obstacles in importing aluminum scrap, the circulation of aluminum scrap both domestically and overseas remains tight. Secondary aluminum plants face difficulties in raw material procurement, with significant inventory pressure. In the short term, the cost of secondary aluminum alloy provides some support for prices. Before the pressure on raw materials eases, secondary aluminum alloy prices are expected to remain more likely to rise than fall.

Note: Import profit refers to real-time profit

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