Aluminum Prices Rise, but Secondary Aluminum Prices Lack Driving Force for Increase [Daily Review of ADC12 Prices]

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[Aluminum prices rise, but secondary aluminum prices lack upward momentum] Today, the SMM A00 aluminum price increased by 200 yuan/mt from the previous trading day to 19,810 yuan/mt, while the domestic SMM ADC12 price remained stable within the range of 20,200-20,400 yuan/mt. In the import market, overseas ADC12 quotes decreased to $2,400-2,420/mt, and the immediate loss for imported ADC12 narrowed to around 500 yuan/mt. Today, the upward momentum of aluminum prices expanded, but secondary aluminum smelters lacked the drive to follow suit, with most maintaining stable quotes. Currently, the downstream demand for secondary aluminum continues to transition into the off-season, with weak market transactions. However, due to slightly tight raw material circulation, cost support for prices has strengthened. In the short term, ADC12 prices will remain in the doldrums.

Note: Import profits are real-time profits

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