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[Price center of primary aluminum moves up, while upward momentum in secondary aluminum market is insufficient] SHFE aluminum ended its three-day losing streak. Today, the SMM A00 aluminum price rose by 100 yuan/mt from the previous trading day to 20,310 yuan/mt, while the domestic SMM ADC12 price remained in the range of 20,300-20,500 yuan/mt. In the import market, overseas ADC12 quotes were mostly in the range of $2,400-2,410/mt, with the instant loss of imported ADC12 hovering around 300 yuan/mt. The domestic ADC12 quote (excluding tax) in Thailand was approximately 83 Thai baht/kg. Due to the impact of the tariff war, orders in the Southeast Asian market have pulled back significantly over the past two months. Today, aluminum prices stopped falling and rebounded. However, constrained by the deepening off-season in end-use demand, the upward momentum for secondary aluminum smelters to follow the price increase is insufficient, with frequent production cuts and shutdowns occurring in the industry. It is expected that the ADC12 price will continue to fluctuate rangebound in the short term.
Note: Import profit refers to real-time profit.
