Aluminum prices continue to decline, with secondary aluminum prices maintaining a downward trend [Daily Review of ADC12 Prices]

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[Aluminum Prices Maintain Downward Trend, Secondary Aluminum Prices Continue to Fall] Today, the SMM A00 aluminum price fell by 170 yuan/mt from the previous trading day to 20,120 yuan/mt. The secondary aluminum market continued to follow the decline, with the domestic SMM ADC12 price adjusted down by 100 yuan/mt to the range of 20,000-20,200 yuan/mt. In the import market, the CIF quotes for imported ADC12 remained relatively firm, continuing to hover at 2,380-2,400 US dollars/mt. As domestic prices continued to decline, the immediate loss on imports slightly expanded to around 400 yuan/mt. The local tax-excluded quote for ADC12 in Thailand fell to 81.5 Thai baht/kg. Entering the traditional consumption off-season in June, the overall atmosphere in the secondary aluminum market remained weak. Downstream procurement demand was sluggish, and enterprises faced insufficient new orders, leading to a cautious market sentiment and low trading activity. Against this backdrop, secondary aluminum prices exhibited a clear characteristic of "following the decline but not the rise." Overall, in the absence of substantial recovery in end-use demand, it is expected that secondary aluminum alloy prices will continue to be in the doldrums in the short term.

Note: Import profits refer to real-time profits

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