Futures and spot prices strengthen in tandem, but demand-side concerns linger. Weakening prices outside China are driving a continuous recovery of the price spread between Chinese and overseas markets [ADC12 Price Daily Review]
[ADC12 Price Daily Review: Futures and Spot Prices Strengthen in Tandem, but Demand Concerns Linger; Weakening Prices Outside China Drive Continued Recovery of the Domestic-Overseas Spread] Today, quoted prices in the ADC12 market generally extended their upward trend. The SMM ADC12 price rose 200 yuan/mt from the previous day to 24,000 yuan/mt.