Aluminum Prices Surge to Around 20,000, Secondary Aluminum Prices Mainly Rise Across the Board [ADC12 Price Daily Review]

》Click to View SMM Spot Aluminum Prices

【Aluminum Prices Surge to Near 20,000 Yuan, Secondary Aluminum Prices Mainly Rise】The most-traded SHFE aluminum contract rose sharply today, with futures climbing above the 20,000 yuan mark. SMM A00 aluminum ingot prices surged by 310 yuan/mt from yesterday to 19,980 yuan/mt, while secondary aluminum prices generally followed the upward trend. For domestic prices, large domestic secondary aluminum enterprises raised their quotes by 100-200 yuan/mt to 20,700-20,900 yuan/mt, while small and medium-sized plants increased their quotes by 100 yuan/mt to 20,400-20,600 yuan/mt. On the import side, overseas prices for imported ADC12 ranged from $2,430-2,460/mt, with real-time losses on imported ADC12 narrowing slightly to within 500 yuan/mt. Today's aluminum price increase was rapid, and the secondary aluminum market showed strong sentiment for price adjustments, with manufacturers generally raising prices by 100-200 yuan/mt. Currently, raw material supply remains tight, pre-holiday restocking by secondary aluminum plants has been hindered, and both plant and social inventories are at low levels, providing some support for secondary aluminum alloy prices. In the short term, ADC12 prices are expected to remain more likely to rise than fall.  

Note: Import profits refer to real-time profits

》Subscribe to View SMM Historical Spot Metal Prices