SMM Review: Aluminum Alloy Prices Soar to New Highs Amid Tight Supply, Weak Demand

Published: Dec 29, 2025 14:35

Save

[SMM Aluminum Alloy Spot Review] Today, SMM A00 aluminum prices surged by 470 yuan/mt to 22,490 yuan/mt; ADC12 prices also rose by 400 yuan/mt, reaching 22,400 yuan/mt, hitting a new high since May 2022. Raw material supply remained tight, coupled with aluminum prices approaching the high of 23,000 yuan/mt and copper prices breaking through 100,000 yuan/mt, driving rapid price increases for aluminum scrap, especially aluminum tense scrap, while high-copper series alloy processing fees also rose accordingly. However, demand side, overall performance was weak, with insufficient purchase willingness from downstream sectors, resulting in a "price without market" scenario. Supply side, affected by environmental protection-related controls, raw material shortages, and losses, capacity still faced contraction pressure. Overall, cost support and supply tightening jointly solidified the price floor, but demand slowdown and aluminum prices fluctuating at highs suppressed downstream purchase enthusiasm. ADC12 prices are expected to hover at highs in the short term. Import side, current overseas ADC12 offers rose to the range of $2,660–2,680/mt, but the increase lagged behind domestic prices, further expanding the real-time profit margin for imports to 300-500 yuan/mt.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

12 hours ago

High-Level Consolidation in Secondary Aluminum[[Weekly Review of Aluminum Scrap and Secondary Aluminum]]

[[Weekly Review of Aluminum Scrap and Secondary Aluminum]]Secondary Aluminum Market Consolidated at High Levels, Intensifying the Tug-of-War Between Cost Support and Weak Demand

12 hours ago

China's Secondary Aluminum Alloy Ingot Inventory Down 8,540 mt, Continues Destocking Trend

[SMM Aluminum Market Bulletin] According to SMM statistics, the social inventory of secondary aluminum alloy ingots in China’s major consumption regions decreased by 8,540 mt from last Thursday today, extending the destocking trend.

12 hours ago

13 hours ago

SHFE Cast Aluminum Alloy Warrants Rise to 32,723 MT, Regional Changes Noted

[SMM Flash News] SHFE data showed that as of April 2, the total registered volume of cast aluminum alloy warrants was 32,723 mt, an increase of 111 mt from the previous trading day. By region, the total registered volumes were Shanghai (1,942 mt, unchanged), Guangdong (13,566 mt, down 214 mt), Jiangsu (3,331 mt, up 627 mt), Zhejiang (9,044 mt, down 302 mt), Chongqing (3,634 mt, unchanged), and Sichuan (1,206 mt, unchanged).

13 hours ago