ADC12 Price Rises to 24,000 Yuan/mt Amid High Costs and Tight Supply
[SMM Aluminum Alloy Daily Comment] Today, the price center of ADC12 continued to move upward, with SMM ADC12 quotations rising to 24,000 yuan/mt. Raw material procurement and compliance operation costs remained high, causing a significant squeeze on corporate profits and driving manufacturers to raise prices to pass on cost pressure; meanwhile, supply tightened somewhat, enterprises' finished product inventories were low, and spot cargo supply was tight. With limited demand support, the actual transaction capacity after the price increases still faced a test.