The secondary aluminium market has basically entered a holiday state with sparse transactions
On January 24, aluminium prices remained in a narrow range. SMM A00 aluminium ingot prices decreased by RMB 10 per tonne compared to the previous trading day to RMB 20,190 per tonne, while secondary aluminium prices remained stable.
For domestic prices, large domestic secondary aluminium enterprises quoted at RMB 20,800-21,100 per tonne, while small and medium-sized plants maintained quotes at RMB 20,500-20,700 per tonne. On the import side, imported ADC12 overseas prices were in the range of US$ 2,440-2,470 per tonne, and real-time losses on imported ADC12 narrowed to within 100 RMB.
As the Chinese New Year holiday approaches, most secondary aluminium plants have stopped taking orders and shut down for the holiday, with downstream stockpiling largely completed. Additionally, as downstream operations halt for the holiday, market transactions have become increasingly sluggish. ADC12 prices are expected to remain largely stable before the holiday.
Source: SMM
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