Cast Aluminum Alloy Surges on First Day of Listing, Spot Market Continues to Fluctuate Downward [Daily Review of ADC12 Prices]

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[Cast aluminum alloy futures surge on debut, spot market continues to fluctuate downward] Today, the SMM A00 aluminum price fell by 50 yuan/mt from the previous trading day to 20,160 yuan/mt. Domestic SMM ADC12 prices dropped by 100 yuan/mt to the range of 19,800-20,000 yuan/mt. In the import market, the CIF quotes for imported ADC12 rose slightly to $2,390-2,410/mt, and the immediate import loss widened slightly to 500 yuan/mt. Today marked the debut of cast aluminum alloy futures. Due to the significantly lower listing benchmark price compared to the spot price, the main contract of cast aluminum alloy futures surged strongly at the opening under the influence of spot-futures price spread correction, with gains once exceeding 5%. By the close of daytime trading, the main contract of cast aluminum alloy futures closed at 19,190 yuan/mt, up 4.649%. In the spot market, ADC12 quotes were generally stable or fell by 100 yuan/mt today. The current fundamental support is weak, and sluggish demand continues to suppress its price. In the short term, the discount status of ADC12 to A00 aluminum may persist.

Note: Import profit refers to real-time profit.

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