SMM

[SMMS Cast Aluminum Alloy Morning Comment: Cast Aluminum Alloy Fluctuates Upward, Policy Disruptions Intensify Tug-of-War Between Sellers and Buyers of Aluminum Scrap] The aluminum price surged significantly yesterday, with the SMM ADC12 price following suit, rising by 100 yuan/mt to 20,450 yuan/mt. Currently, the supply of aluminum scrap remains tight, leading to a general increase in prices, which in turn pushes up the cost of raw materials for secondary aluminum alloy. Additionally, recent news about the cancellation of tax rebates in multiple regions including Anhui and Jiangxi has led to a strong sentiment among enterprises to raise prices in response to the pressure of increasing costs.