ADC12 Prices Drop as Aluminum Futures Weaken, Cost Pressures Ease Slightly
[SMM Aluminum Alloy Daily Commentary] ADC12 market quotes generally fell today, with SMM ADC12 dropping 100 yuan/mt from the previous trading day to 24,000 yuan/mt. Recently, SHFE aluminum and cast aluminum alloy futures prices continued to weaken, leading to some loosening of aluminum scrap prices. Cost-side pressure eased slightly from earlier levels, providing room for the price decline. However, the tax receipt issue in the aluminum scrap market remained largely unresolved, making compliant raw material procurement difficult. Enterprises' actual production costs stayed at relatively high levels, offering strong support for ADC12 prices.