Aluminum prices decline slightly, secondary aluminum prices remain stable [Daily Review of ADC12 Prices]

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SMM News on June 17:

On the futures market, today the most-traded cast aluminum alloy futures contract 2511 opened at 19,500 yuan/mt, with a high of 19,630 yuan/mt, a low of 19,440 yuan/mt, and closed at 19,565 yuan/mt, up 95 yuan/mt or 0.49% from the previous close. Trading volume was 9,114 lots, and open interest was 8,964 lots (+291 lots).

In the spot market, today's SMM A00 aluminum price fell slightly by 10 yuan/mt from the previous trading day to 20,620 yuan/mt. The domestic SMM ADC12 price remained stable in the range of 19,900-20,200 yuan/mt. Today, aluminum prices continued the downward trend from yesterday, while the raw material side of secondary aluminum remained firm, providing support for ADC12 prices, and market quotes were generally stable. Currently in the traditional off-season, new orders are growing weakly, and the continuous weakness on the demand side is suppressing the upside room for ADC12 prices. However, cost support still exists, 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 slightly stable in the range of $2,420-2,450/mt, the import spot price remained stable at around 19,200 yuan/mt, and the import real-time loss remained stable in the range of 500-600 yuan/mt. The local tax-excluded quote for ADC12 in Thailand remained stable at 82 Thai baht/kg.

Note: Import profit refers to real-time profit

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