Aluminum Prices Weakly Consolidate, Secondary Aluminum Market Remains Stable Before the Holiday [ADC12 Price Daily Review]

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【Aluminum Prices Weakly Consolidated, Secondary Aluminum Market Remains Stable】Today, aluminum prices slightly declined, with SMM A00 aluminum prices dropping by 80 yuan/mt from the previous trading day to 20,240 yuan/mt, while secondary aluminum prices were largely stable. For domestic prices, large domestic secondary aluminum enterprises quoted at 20,800-21,100 yuan/mt, while medium and small factories maintained quotes at 20,500-20,700 yuan/mt. On the import side, imported ADC12 overseas prices ranged from $2,440-2,470/mt, and real-time losses on imported ADC12 narrowed to within 100 yuan, approaching the break-even point. As the Chinese New Year holiday approaches, secondary aluminum plants have mostly stopped taking orders and entered a centralized holiday period. Meanwhile, downstream stockpiling has largely concluded, and with downstream production halts for the holiday, market transactions continued to weaken. ADC12 prices are expected to remain largely stable before the holiday.

Note: Import profits refer to real-time profit

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