Aluminum Prices Rise Rapidly, Driving Up Costs and ADC12 Prices [Daily Review of ADC12 Aluminum Alloy Prices]

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SMM News on June 12:

On the futures market, today the most-traded cast aluminum alloy futures contract 2511 opened at 19,435 yuan/mt, held up well during the day, reaching a high of 19,490 yuan/mt, and closed at 19,460 yuan/mt, up 60 yuan/mt from the previous close, a gain of 0.31%. Trading volume was 12,742 lots, and open interest was 10,862 lots (+443 lots).

In the spot market, today's SMM A00 aluminum price rose 250 yuan/mt from the previous trading day to 20,650 yuan/mt. Domestic SMM ADC12 prices increased 100 yuan/mt to the range of 19,900-20,100 yuan/mt. Driven by the rapid rise in cost side, today's ADC12 market quotes generally increased by 100 yuan/mt, but weak demand continued to suppress its upside room. It is expected that in the short term, ADC12 prices will mainly adjust within a narrow range, and its discount to A00 aluminum will continue.

In the import market, the CIF quote for imported ADC12 rose again to $2,410-2,450/mt. The import spot price increased 100 yuan/mt to around 19,200 yuan/mt. As overseas price increases outpaced the domestic market, the immediate import loss widened again to 500-700 yuan/mt. The local tax-excluded quote for ADC12 in Thailand rose to 81-82 Thai baht/kg.

Note: Import profit refers to real-time profit.

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