China's Secondary Aluminum Alloy Ingot Inventory Falls for 6th Week Amid Tax Invoice Constraints

[ADC12 Price Daily Review: Aluminum Alloy Futures Pull Back Under Pressure, Spot Market Caution Intensifies] Today, ADC12 market quotations were mainly stable, with slight pullbacks in some areas, and the market’s wait-and-see sentiment further intensified. Aluminum prices and cast aluminum alloy prices pulled back slightly today. Some enterprises did not rush to follow the decline, but instead waited for the market to become clearer, indicating that if futures continue to weaken, catch-up declines may occur later. Meanwhile, downstream orders have weakened since July, and insufficient transaction support has exerted some downward pressure on prices.

SHFE aluminum prices corrected slightly in early trading today. Downstream processing enterprises in the central China market were constrained by weak end-user orders and high finished product inventories, leading to subdued buying sentiment. However, amid the widening discount trend, trading firms engaging in both spot and futures market maintained strong buying sentiment, tending to purchase at deep discounts, while suppliers showed notable willingness to hold prices firm. Ultimately, the actual transaction price range in the central China market was centered around a discount of 120-140 yuan/mt against the SHFE aluminum July contract.