ADC12 prices remain in the doldrums; pay attention to marginal changes in raw materials and demand [ADC12 Price Daily Review]

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SMM News on June 20:

On the futures market, today the most-traded cast aluminum alloy futures contract 2511 opened at 19,715 yuan/mt, fluctuating rangebound during the day, with a high of 19,780 yuan/mt and a low of 19,625 yuan/mt, and finally closed at 19,640 yuan/mt, down 140 yuan/mt or 0.71% from the previous close. Trading volume was 5,622 lots, and open interest was 8,378 lots, with bulls mainly reducing their positions during the day.

In the spot market, today's SMM A00 aluminum prices fell 50 yuan/mt from the previous trading day to 20,720 yuan/mt, and domestic SMM ADC12 prices dropped 50 yuan/mt to 19,900-20,200 yuan/mt. As aluminum prices continued to decline, market quotes diverged, with some enterprises actively lowering their quotes due to sluggish demand, while others remained firm due to cost pressure. Overall, the rigid support from costs and weak demand during the off-season continued to clash, leading to a narrow fluctuation in ADC12 prices. As the off-season deepens, it is expected that ADC12 prices will remain in the doldrums in the short term. Continuous attention should be paid to the circulation of raw materials and marginal fluctuations in demand during the off-season.

In the import market, the CIF quotes for imported ADC12 remained at $2,420-2,450/mt, and the import spot price fell 100 yuan/mt to around 19,200 yuan/mt, with the real-time loss on imports slightly expanding to the range of 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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