Demand Remains Weak, Upside Room for Secondary Aluminum Prices Limited [ADC12 Price Daily Review]

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【Demand Remains Weak, Upside Room for Secondary Aluminum Prices Limited】Today, aluminum prices continued to rebound, with the SMM A00 aluminum price rising by 70 yuan/mt to 19,980 yuan/mt compared to the previous trading day. The domestic SMM ADC12 price remained stable in the range of 20,500-20,700 yuan/mt. In the import market, overseas ADC12 quotations were maintained at $2,430-2,450/mt, and the real-time loss for imported ADC12 remained around 600 yuan/mt. Aluminum prices have rebounded for two consecutive days, but the demand side of the secondary aluminum market lacks effective support, with downstream purchasing enthusiasm remaining sluggish, and short-term upward momentum is insufficient. Secondary aluminum alloy prices are expected to continue fluctuating rangebound, with attention on downstream pre-holiday inventory sentiment.

Note: Import profit refers to real-time profit

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