Aluminum Prices Slightly Decline, Secondary Aluminum Prices Remain Stable [ADC12 Price Daily Review]

Publicado: Dec 30, 2024 14:17
【Daily Review of ADC12 Prices】Today, aluminum prices fluctuated rangebound, with SMM A00 aluminum prices falling WoW by 30 yuan/mt to 19,700 yuan/mt, while secondary aluminum prices remained stable.

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【Aluminum Prices Slightly Declined, Secondary Aluminum Prices Remained Stable】Today, aluminum prices fluctuated rangebound, with SMM A00 aluminum prices falling by 30 yuan/mt WoW to 19,700 yuan/mt, while secondary aluminum prices continued to remain stable. For domestic prices, large domestic secondary aluminum enterprises maintained their quotes at 20,500-20,800 yuan/mt, while medium and small factories kept their quotes steady at 20,200-20,400 yuan/mt. On the import side, overseas prices for imported ADC12 ranged from $2,430-2,460/mt. Due to relatively stable domestic and overseas prices as well as recent exchange rates, the real-time loss per ton for imported ADC12 remained at 300-400 yuan. Today, aluminum prices continued to adjust downward, with secondary aluminum plants lacking motivation to adjust prices. Currently, the supply of aluminum scrap in the market remains tight, and production costs for secondary aluminum plants are high. Additionally, many secondary aluminum plants reported that reverse invoicing will be fully implemented after January, with attention on its implementation during the week. Some enterprises have reduced their operating rates due to raw material shortages or environmental protection-related controls. Finished product inventories at manufacturers remain low, and in the short term, secondary aluminum alloy prices are expected to be more likely to rise than fall.

Note: Import profits refer to real-time profits

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Aluminum Prices Slightly Decline, Secondary Aluminum Prices Remain Stable [ADC12 Price Daily Review] - Shanghai Metals Market (SMM)