Aluminum Prices Fall for Four Consecutive Days, Sentiment to Stand Firm on Quotes in the Secondary Aluminum Market Remains Strong [ADC12 Price Daily Review]

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【Aluminum Prices Fall for Four Consecutive Days, Sentiment to Stand Firm on Quotes in the Secondary Aluminum Market Remains Strong】Today, aluminum prices continued to pull back, with SMM A00 aluminum prices dropping by 110 yuan/mt from yesterday to 19,790 yuan/mt, while secondary aluminum prices remained firm. For domestic prices, quotes from large domestic secondary aluminum enterprises remained stable at 20,300-20,700 yuan/mt, while quotes from small and medium-sized plants were steady at 20,000-20,200 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 steady at 19,600-19,800 yuan/mt. The real-time loss per ton for imported ADC12 remained around 500 yuan. Aluminum prices have been on a downward trend since last Friday, with a cumulative decrease of 450 yuan/mt during the week. However, sentiment to stand firm on quotes in the secondary aluminum alloy market remains strong, with ADC12 prices remaining stable today. Currently, the tight circulation of aluminum scrap has not eased. Secondary aluminum plants are actively procuring to meet delivery and stocking demand, but procurement remains relatively difficult, leading to a decline in both social inventory and in-plant inventory of secondary aluminum alloys. Cost side, the decline has been relatively small. Combined with the drop in inventory, this supports secondary aluminum alloy prices to remain firm. In the short term, secondary aluminum alloy prices are expected to fluctuate rangebound along with aluminum prices.

Note: Import profit refers to real-time profit

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