Aluminum prices end consecutive rises, secondary aluminum prices largely stable [Daily Review of ADC12 Prices]

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SMM News on June 16:

On the futures market, today the most-traded cast aluminum alloy futures contract 2511 opened at 19,400 yuan/mt, with a high of 19,480 yuan/mt, a low of 19,355 yuan/mt, and closed at 19,470 yuan/mt, up 40 yuan/mt or 0.21% from the previous close. Trading volume was 5,526 lots, and open interest was 8,673 lots (-489 lots).

In the spot market, today's SMM A00 aluminum price fell 100 yuan/mt from the previous trading day to 20,630 yuan/mt, while the domestic SMM ADC12 price held steady in the range of 19,900-20,200 yuan/mt. Aluminum prices showed a downward trend today, while the raw material side of secondary aluminum remained firm, providing support for ADC12 prices, with market quotes generally holding steady. Currently in the traditional off-season, new orders are growing weakly, and sustained weak demand is suppressing the upside room for ADC12 prices. However, cost support remains, 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 was slightly raised to $2,420-2,450/mt, the imported spot price remained stable near 19,200 yuan/mt, and the immediate import loss slightly widened to 600 yuan/mt. The local tax-excluded quote for ADC12 in Thailand temporarily held steady at 81-82 Thai baht/kg.

Note: Import profit refers to real-time profit.

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