Costs rise, secondary aluminum alloy prices increase again [Daily Review of ADC12 Aluminum Alloy Prices]

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SMM, June 13:

On the futures market, today the most-traded cast aluminum alloy futures contract 2511 opened at 19,455 yuan/mt, reached a high of 19,520 yuan/mt, a low of 19,330 yuan/mt, and closed at 19,430 yuan/mt, down 30 yuan/mt or 0.15% from the previous day, with a trading volume of 11,290 lots and an open interest of 9,162 lots (-1,700 lots).

In the spot market, today's SMM A00 aluminum price rose 80 yuan/mt from the previous trading day to 20,730 yuan/mt, while the domestic SMM ADC12 price increased 50 yuan/mt to the range of 19,900-20,200 yuan/mt. Today's market quotes were slightly differentiated, with some enterprises actively raising their quotes by 100 yuan/mt driven by rising costs, while others faced significant resistance to price increases due to a lack of orders. The characteristics of the traditional off-season are prominent, with sustained weakness on the demand side suppressing the upside room for ADC12 prices. However, the rapid increase in raw material prices on the cost side provides support, and it is expected that ADC12 prices will remain in a narrow adjustment range in the short term.

In the import market, the CIF quote for imported ADC12 remained at $2,410-2,450/mt, the import spot price rose 100 yuan/mt to around 19,200 yuan/mt, and the immediate import loss narrowed to 500-600 yuan/mt. The local ADC12 price in Thailand, excluding tax, remained stable at 81-82 Thai baht/kg.

Note: Import profit refers to real-time profit.

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