SMM ADC12 Price Rises by 100 Yuan/mt, Supported by Strong Raw Material Costs Amidst Weak Demand
[SMM Aluminum Alloy Daily Review] Today, the average price of SMM ADC12 was raised by 100 yuan/mt. Primary aluminum and aluminum scrap prices continued to rise, and cost support from raw materials further strengthened, leading to a stronger willingness in the market to follow the price rise, with relatively solid support at the bottom of prices. However, the end-user sector is currently in a high-temperature off-season, with mediocre orders and consumption performance. Downstream users mainly made just-in-time procurements, and improvement in spot transactions was limited, as the demand side still e