SMM ADC12 Price Rises 100 Yuan/mt, Driven by High Scrap Costs and Supply Tightness

Published: Jun 29, 2026 15:27

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[SMM Aluminum Alloy Daily Review] SMM ADC12 price rose 100 yuan/mt from the previous day to 23,950 yuan/mt, with the market center moving further upward. The core driver behind the price increase remained the cost side, as aluminum scrap prices stayed high, tight supply of compliant raw materials and persistent tax invoice cost pressure kept enterprise production costs elevated. Although downstream demand was mediocre, with limited incremental orders, and downstream procurement was still mainly based on essential restocking, enterprises were more consistent in their willingness to hold prices firm amid strong cost support. In the short term, with no clear improvement in demand, the momentum for a substantial further rise in ADC12 price is limited, but cost support remains relatively strong

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