Chalco Cuts Aluminum Prices After Continuous Hike on July 18

[SMM Secondary Aluminum Alloy Daily Review] China’s secondary aluminum alloy market quotations were generally stable with a slight rise today, with the SMM ADC12 price up 50 yuan/mt MoM to 24,050 yuan/mt. The rebound in aluminum prices and costs fluctuating at highs remained the core factors supporting enterprises to hold prices firm. However, the pace of downstream demand recovery was slow, order growth was modest, and some enterprises were concerned about whether deals could follow through after the price increase, with most choosing to hold prices stable and wait on the sidelines. In the near term, the market is likely to fluctuate in a narrow range with strong downside resistance, but upside room is also limited.

[ADC12 Price Daily: ADC12 Prices Generally Stable with Slight Rise, Inverted Domestic-Overseas Spread Continues to Narrow] Quotes in the secondary aluminum alloy market predominantly held steady with a slight rise today. The SMM ADC12 price increased by 50 yuan/mt from the previous trading day to 24,050 yuan/mt. The rebound in aluminum prices and high cost-side operations remained key factors supporting enterprise quotes. Tight supply of aluminum scrap and persistently high procurement costs kept enterprises' willingness to cut prices low.