Spot Market Prices Remain Stable on Eve of Cast Aluminum Alloy Futures Launch [Daily Review of ADC12 Prices]

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[Spot market prices remain stable on the eve of the listing of cast aluminum alloy futures] Today, the SMM A00 aluminum price fell by 20 yuan/mt from the previous trading day to 20,210 yuan/mt, while the domestic SMM ADC12 price remained stable within the range of 19,900-20,100 yuan/mt. In the import market, the CIF quote for imported ADC12 continued to range from $2,370 to $2,400/mt, with the import real-time loss hovering around 400 yuan/mt. Affected by the narrow fluctuation of aluminum prices and the upcoming listing of cast aluminum alloy futures on Tuesday, the market showed little willingness to adjust prices on Monday, with most participants maintaining a wait-and-see stance. The cast aluminum alloy futures will be listed for trading starting from June 10, 2025, with listed contracts ranging from AD2511 to AD2605, and the benchmark price for contract listing set at 18,365 yuan/mt. Given that this benchmark price is significantly lower than the spot price, the market sentiment is notably bullish, with attention focused on the 19,000-19,500 yuan/mt range on the first day. Currently, the fundamental support is weak, and sluggish demand will continue to suppress the spot price of ADC12, with the discount pattern to A00 aluminum expected to persist in the short term.

Note: Import profit refers to real-time profit.

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