The Secondary Aluminum Market Has Basically Entered a Holiday State with Sparse Transactions [ADC12 Price Daily Review]

Published: Jan 24, 2025 13:22
[ADC12 Price Daily Review] Today, aluminum prices remained in a narrow range. SMM A00 aluminum ingot prices decreased by 10 yuan/mt compared to the previous trading day to 20,190 yuan/mt, while secondary aluminum prices remained stable.

》Click to View SMM Spot Aluminum Quotes

【Secondary Aluminum Market Enters Holiday Mode, Transactions Sparse】Today, aluminum prices remained in a narrow adjustment range, with SMM A00 aluminum prices dropping by 10 yuan/mt from the previous trading day to 20,190 yuan/mt, while secondary aluminum prices remained largely stable. For domestic prices, large domestic secondary aluminum enterprises quoted at 20,800-21,100 yuan/mt, while small and medium-sized plants maintained quotes at 20,500-20,700 yuan/mt. On the import side, imported ADC12 overseas prices were in the range of 2,440-2,470 USD/mt, and real-time losses on imported ADC12 narrowed to within 100 yuan. As the Chinese New Year holiday approaches, most secondary aluminum plants have stopped taking orders and shut down for the holiday, with downstream stockpiling largely completed. Additionally, as downstream operations halt for the holiday, market transactions have become increasingly sluggish. ADC12 prices are expected to remain largely stable before the holiday.

Note: Import profit refers to real-time profit

》Order to View SMM Historical Spot Metal Prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
11 hours ago
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Read More
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.
11 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
11 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Read More
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.
11 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
11 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Read More
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.
11 hours ago
The Secondary Aluminum Market Has Basically Entered a Holiday State with Sparse Transactions [ADC12 Price Daily Review] - Shanghai Metals Market (SMM)