Secondary aluminum prices remain stable, with short-term fluctuations rangebound [Daily review of ADC12 prices]

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SMM reported on July 15:

On the futures market, the most-traded cast aluminum alloy futures contract 2511 opened at 19,790 yuan/mt today, with a high of 19,830 yuan/mt and a low of 19,720 yuan/mt. It closed at 19,790 yuan/mt, down 15 yuan/mt or 0.08% from the previous close. Trading volume was 2,193, and open interest was 8,308. Bears reduced their positions during the day.

In the spot market, the SMM A00 aluminum price was reported at 20,510 yuan/mt today, up 40 yuan/mt from Monday. The SMM ADC12 price remained stable at 20,000 yuan/mt. After a significant drop in aluminum prices yesterday, prices rebounded slightly today. Quotations in the secondary aluminum market generally remained stable, with a slight expansion in the price spread between A00 and ADC12. Currently, demand remains sluggish, with orders from secondary aluminum enterprises significantly declining compared to June and weak trading performance. Overall, insufficient raw material supply provides strong support for secondary aluminum alloy prices, but weak demand restricts price increases. It is expected that the ADC12 price will maintain a fluctuating rangebound pattern in the short term.

Note: Import profit refers to real-time profit.

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