Aluminum Prices Rise for Four Consecutive Days, Secondary Aluminum Prices Lack Strength in Increasing [Daily Review of ADC12 Prices]

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[Aluminum prices rise for four consecutive days, secondary aluminum prices lack upward momentum] Today, the SMM A00 aluminum price increased by another 140 yuan/mt from the previous trading day to 20,350 yuan/mt. The domestic SMM ADC12 price remained in the range of 20,300-20,500 yuan/mt. In the import market, overseas ADC12 quotes were mostly in the range of $2,400-2,410/mt, with actual transaction prices in some regions falling below $2,400/mt. The immediate loss for imported ADC12 continued to narrow to around 200 yuan/mt. Aluminum prices maintained an upward trend for four consecutive days this week, but the demand boost effect was weak, and the upward momentum for secondary aluminum prices remained insufficient. Currently, the easing of trade tensions has not yet shown a significant boost to actual consumption. However, due to tight raw material availability and rapid price increases, cost support continued to strengthen. It is expected that the ADC12 price 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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