Import Prices of ADC12 Rise, Immediate Losses from Imports Intensify [Daily Review of ADC12 Prices]

》Click to view SMM spot aluminum quotes

SMM News on June 23:

On the futures market, today the most-traded cast aluminum alloy futures contract 2511 opened at 19,665 yuan/mt, with a high of 19,800 yuan/mt, a low of 19,640 yuan/mt, and closed at 19,680 yuan/mt, up 40 yuan/mt or 0.20% from the previous close. Trading volume was 4,196 lots, and open interest was 8,243 lots, with bears reducing their positions during the day.

In the spot market, today's SMM A00 aluminum prices fell 70 yuan/mt from the previous trading day to 20,650 yuan/mt, while domestic SMM ADC12 prices dropped 50 yuan/mt to 19,900-20,100 yuan/mt. Aluminum prices continued to decline slightly, with market quotes showing slight divergence. Some enterprises slightly lowered their quotes due to weak demand, while others maintained firm prices supported by cost pressure. Overall, the rigid support from costs and weak demand during the off-season continued to compete, with ADC12 prices fluctuating rangebound. As the off-season deepens, it is expected that ADC12 prices will run in the doldrums in the short term. It is recommended to closely monitor the circulation of raw materials and marginal changes in demand during the off-season.

In the import market, the CIF quotes for imported ADC12 rose to $2,430-2,470/mt, while the import spot prices remained around 19,200 yuan/mt, and the immediate import losses expanded to the range of 700-800 yuan/mt. The local tax-excluded quotes for ADC12 in Thailand rose to 82-83 Thai baht/kg.

Note: Import profits refer to real-time profits.

》Subscribe to view historical SMM metal spot prices