Aluminum Prices Rebound Slightly, Secondary Aluminum Prices Lack Upward Momentum [ADC12 Price Daily Review]

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【Aluminum Prices Rebound Slightly, Secondary Aluminum Prices Lack Upward Momentum】Today, aluminum prices recovered losses from the previous two days and rebounded. SMM A00 aluminum prices increased by 90 yuan/mt from the previous trading day to 20,600 yuan/mt, while secondary aluminum prices remained stable. Domestically, SMM ADC12 prices were unchanged at 21,200-21,400 yuan/mt. In the import market, overseas ADC12 prices ranged from $2,420/mt to $2,460/mt, with real-time profit for imported ADC12 narrowing slightly to around 200 yuan per mt. Although aluminum prices rebounded today, secondary aluminum market quotes remained stable, lacking upward momentum. Recently, with traders resuming operations and an increase in overseas imports, the circulation of aluminum scrap in the market has risen, slightly easing cost pressure for secondary aluminum plants. Current downstream demand recovery is slightly slower than expected, and with increasing supply in the market, prices may face resistance in the future. In the short term, secondary aluminum alloy prices are expected to mainly adjust within a narrow range following aluminum prices.

Note: Import profit refers to real-time profit

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