Aluminum price decline widens, secondary aluminum prices face synchronous pressure [Daily Review of ADC12 Price]

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[Aluminum prices fall more sharply, secondary aluminum prices face synchronous pressure] Today, the SMM A00 aluminum price dropped by 150 yuan/mt from the previous trading day to 20,200 yuan/mt. The secondary aluminum market is also under synchronous pressure, with the domestic SMM ADC12 price falling by 100 yuan/mt to the range of 20,200-20,400 yuan/mt. Some manufacturers have temporarily stabilized their quotes due to cost pressure. In the import market, the CIF quote for imported ADC12 continues to be in the range of $2,380-2,400/mt, with the import real-time profit and loss remaining in a state of minor loss. The local tax-excluded quote for ADC12 in Thailand has fallen to 82 Thai baht/kg. Currently, the secondary aluminum alloy price maintains a pattern where it is more likely to fall than rise. Weak orders and inventory pressure are dragging prices down, but cost support limits the downside room. Subsequent focus will be on the upstream raw material supply, the recovery of end-user orders, and the implementation of production cuts by enterprises.

Note: Import profit refers to real-time profit

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