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Secondary Aluminum Prices Remain Stable, Aluminum Prices Fluctuate Within a Narrow Range Secondary Aluminum Prices Remain Stable [Daily Review of ADC12 Prices]

iconDec 25, 2024 13:31
Source:SMM
[ADC12 Price Daily Review] Today, aluminum prices fluctuated rangebound, with SMM A00 aluminum prices rising by 40 yuan/mt from yesterday to 19,830 yuan/mt, while secondary aluminum prices remained largely stable.

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【Aluminum Prices Fluctuate Rangebound, Secondary Aluminum Prices Remain Stable】Today, aluminum prices fluctuated within a narrow range. SMM A00 aluminum prices rose by 40 yuan/mt from the previous day to 19,830 yuan/mt, while secondary aluminum prices remained largely stable. Domestically, large secondary aluminum enterprises maintained their quotes at 20,500-20,800 yuan/mt, while medium and small-sized plants kept their quotes at 20,200-20,400 yuan/mt. On the import side, overseas prices for imported ADC12 ranged from $2,430-2,460/mt. Due to relatively stable domestic and overseas prices as well as recent exchange rates, the real-time loss per ton for imported ADC12 remained within 400 yuan. Today's aluminum price fluctuations were relatively small, and secondary aluminum market quotes were basically stable. Currently, secondary aluminum plants face high costs, with some enterprises reducing their operating rates due to raw material shortages or environmental protection-related controls. Finished product inventories at secondary aluminum plants and inventories held by traders have both declined. In the short term, secondary aluminum alloy prices are expected to be more likely to rise than fall.

Note: Import profit refers to real-time profit

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