SMM

[SMM Morning Comment on Cast Aluminum Alloy: Futures Market of Cast Aluminum Alloy Rose Overnight, Social Inventory Maintained Inventory Buildup Trend] The tug-of-war between cost support and weak demand during the off-season persisted throughout the week. After a decrease of 50-100 yuan/mt, the price of ADC12 temporarily stabilized. However, the impact of low-priced goods intensified market competition. In the short term, cost support is expected to persist, but it will face pressure from the deepening off-season and inventory accumulation. The price of ADC12 is expected to maintain a fluctuating trend in the short term. Close attention should be paid to marginal changes in raw material circulation and signs of improvement in demand.