Spot ADC12 Offers Rise as Futures and Primary Aluminum Prices Rebound, Import Window Opens

Published: Oct 19, 2026 14:35 (GMT+8)

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[SMM Aluminum Alloy Daily Review] Spot ADC12 offers moved up overall today, with the SMM ADC12 market quote rising by 100 yuan/mt WoW. The rebound in futures and primary aluminum prices helped repair market sentiment, and with raw material cost support strengthening further, the market broadly raised offers by 100 yuan/mt, lifting the price center. Further upside will still depend on aluminum price trends and actual downstream purchases. On the import side, overseas ADC12 offers pulled back slightly to $3,040–3,120/mt. Driven by firmer domestic ADC12 prices and RMB appreciation, import break-even improved and rebounded above the break-even line, with the theoretical import window now open. Going forward, attention should be paid to the impact of overseas offers and exchange rate changes on

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