Costs push ADC12 prices higher, while demand-side support remains limited [ADC12 Price Daily Review]

Published: Jul 29, 2026 14:10

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[ADC12 Price Daily Review: Costs Drive ADC12 Prices Higher, Demand-Side Support Limited] Today, ADC12 market quotations were raised by 100 yuan/mt overall. Driven by the synchronous rise in aluminum prices and futures, aluminum scrap procurement costs further increased. The cost side provided strong support for ADC12 prices, and most enterprises chose to raise their quotations accordingly to pass on the cost pressure.

Futures: The aluminum alloy 2609 contract opened at 23,140 yuan/mt today, hit an intraday high of 23,180 yuan/mt, and dipped to a low of 23,025 yuan/mt. After the morning session opened, prices fluctuated slightly and shot up, then consolidated at highs after hitting the intraday high. During the session, resistance was tested multiple times. In the afternoon session, bullish momentum gradually waned, and prices consolidated and pulled back, gradually declining to around 23,085 yuan/mt. Overall, the market continued to consolidate at highs, with obvious resistance encountered. The intraday fluctuation range was limited, while open interest also pulled back. In the short term, the tug-of-war between longs and shorts intensified, and upward momentum weakened.

Spot market: ADC12 quotes were raised by 100 yuan/mt overall today. Driven by higher aluminum prices and futures, aluminum scrap procurement costs rose further. The cost side provided strong support for ADC12 prices, and most enterprises chose to raise their quotes accordingly to pass on cost pressure. However, market feedback indicated that downstream demand was still in the off-season, and some enterprises took a wait-and-see stance on actual transactions after the price adjustment. Overall, the current rise in ADC12 prices was mainly cost-driven, while support from the demand side for sustained price rises remained insufficient. In the short term, the market is expected to maintain a pattern where cost support and demand constraints coexist. Future price trends will still need to monitor aluminum price fluctuations and downstream order follow-up.

Import side, overseas ADC12 quotes were in the range of $3,050–$3,160/mt. As domestic prices rose, the immediate import loss per mt narrowed again to 743 yuan.

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.

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