》Click to view SMM aluminum spot quotes
SMM June 27 report:
On the futures market, today the most-traded cast aluminum alloy futures contract 2511 opened at 19,705 yuan/mt, fluctuating upward overall, reaching a high of 19,885 yuan/mt, up 75 yuan/mt from the previous close, a 0.38% increase. Trading volume was 6,043 lots, and open interest was 8,226 lots, with bulls mainly increasing their positions during the day.
In the spot market, SMM A00 prices surged by 280 yuan/mt to 20,890 yuan/mt, and SMM ADC12 prices rose by 100 yuan/mt to 20,000-20,200 yuan/mt. Driven by the rise in aluminum prices, the cost of aluminum scrap generally increased, and the market had a strong willingness to raise prices. However, overall transactions remained weak, with downstream enterprises mostly maintaining just-in-time procurement. As July approaches, the lack of growth in terminal orders will continue to suppress the upside room for ADC12 prices. Nevertheless, cost support remains relatively strong, providing a floor for prices. In the short term, it is difficult to see an improvement in consumption. With the deepening impact of the off-season, it is expected that ADC12 prices will maintain a fluctuating rangebound pattern.
In the import market, the CIF quote for imported ADC12 rose slightly to $2,450-$2,470/mt, the import spot price increased by 100 yuan/mt to around 19,300 yuan/mt, and the import real-time loss was in the range of 700-800 yuan/mt. The local tax-excluded quote for ADC12 in Thailand was concentrated at 82-83 Thai baht/kg.
Note: Import profit refers to real-time profit.
