Aluminum price breaks through 20,000 threshold, immediate loss on imported ADC12 continues to narrow [Daily Review of ADC12 Price]

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[Aluminum prices break through the 20,000 yuan/mt threshold, with the instant loss of imported ADC12 continuing to narrow] Today, the SMM A00 aluminum price increased by another 200 yuan/mt from the previous trading day to 20,010 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 stood at $2,400-2,420/mt. Driven by the appreciation of the RMB against the US dollar and the rise in import spot prices, the instant loss of imported ADC12 continued to narrow to around 300 yuan/mt. Today, aluminum prices continued to rise, with most secondary aluminum plants maintaining stable quotes or raising them by 100 yuan/mt. Currently, downstream demand is in the transition period of the off-season, and transactions continue to be sluggish. However, due to the tight supply of raw materials and the reluctance of traders to sell, cost support continues to strengthen. It is expected that ADC12 prices will maintain a fluctuating trend within a narrow range in the short term.

Note: Import profit refers to real-time profit

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