Aluminum Prices Slightly Increased, Secondary Aluminum Prices Remain Stable [ADC12 Price Daily Review]

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【Aluminum Prices Slightly Increased, Secondary Aluminum Prices Remain Stable】Today's aluminum price growth slowed down, with SMM A00 aluminum prices rising by 10 yuan/mt from the previous trading day to 20,160 yuan/mt, while secondary aluminum prices stabilized. Domestically, large secondary aluminum enterprises maintained their quotes at 20,800-21,000 yuan/mt, while medium and small factories kept their quotes steady at 20,500-20,700 yuan/mt. For imports, overseas prices of imported ADC12 slightly ranged between $2,440-2,470/mt, with real-time losses on imported ADC12 remaining around 500 yuan/mt. Today's aluminum price fluctuations were relatively small, and the secondary aluminum market quotes stopped rising and stabilized. As the Chinese New Year approaches, upstream aluminum scrap traders have gradually entered the holiday, leading to continued tight market supply and difficulties in raw material stocking for secondary aluminum plants before the holiday. On the demand side, due to pre-holiday market fluctuations, downstream stocking sentiment was poor, and die-casting plants only stocked in small quantities. High costs and low inventory provided some support for secondary aluminum alloy prices, and ADC12 prices are expected to remain more likely to rise than fall in the short term.  

Note: Import profits refer to real-time profits

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