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【Aluminum Prices Fluctuate Downward, Secondary Aluminum Prices Remain Stable】Today, aluminum prices fluctuated downward, with SMM A00 aluminum prices dropping by 60 yuan/mt from the previous trading day to 20,540 yuan/mt, while secondary aluminum prices remained stable. Domestically, SMM ADC12 prices were flat at 21,200-21,400 yuan/mt. In the import market, overseas ADC12 prices ranged from $2,420/mt to $2,460/mt. Due to the strengthening of the yuan exchange rate, the real-time profit for importing ADC12 expanded to over 200 yuan per mt. As aluminum prices adjusted within a narrow range, the secondary aluminum market experienced relatively small fluctuations, with manufacturers mostly maintaining stable prices. Recently, with the resumption of operations by traders and increased overseas imports, the circulation of aluminum scrap in the market has increased, slightly easing cost pressure for secondary aluminum plants, though overall costs remain high. Current downstream demand recovery is slightly slower than expected, which may limit the upside room for prices. In the short term, secondary aluminum alloy prices are expected to primarily adjust within a narrow range along with aluminum prices.
Note: Import profit refers to real-time profit
