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[Aluminum prices decline, secondary aluminum prices follow suit rapidly] Today, SMM A00 aluminum prices fell by 90 yuan/mt from the previous trading day to 20,290 yuan/mt. The secondary aluminum market largely followed suit, with domestic SMM ADC12 prices dropping by 100 yuan/mt to the range of 20,100-20,300 yuan/mt. In the import market, the CIF quotes for imported ADC12 remained at 2,380-2,400 US dollars/mt. Due to the decline in domestic prices, the immediate losses from imports slightly widened to around 300 yuan/mt. The local tax-excluded quotes for ADC12 in Thailand were concentrated at 82 Thai baht/kg. The sentiment for downstream inventory replenishment during the Dragon Boat Festival holiday was low, with limited driving effect on demand. Secondary aluminum smelters may operate normally or take a 1-2 day break during the Dragon Boat Festival holiday, with a slight decrease in the overall industry operating rate. In the short term, given weak demand, secondary aluminum alloy prices are expected to remain in the doldrums.
Note: Import profits are real-time profits.
