On January 19, 2026, aluminum prices in Shanghai extended their downward trend. The price of A00 aluminum dropped by 160 yuan/ton to 24,030 yuan/ton, while the SMM ADC12 price fell by 100 yuan/ton to 23,900 yuan/ton. Despite two consecutive declines this week cooling market sentiment, aluminum prices remained above the high level of 24,000 yuan/ton.
    The recycled aluminum market showed differentiated quotations. Some enterprises chose to hold steady and wait and see due to firm cost support, low inventory or bullish expectations; others lowered their quotations by 100-300 yuan/ton following the market due to weak end-demand. On the demand side, the price decline intensified market wait-and-see sentiment. Although some die-casting enterprises replenished inventory under production pressure, driving marginal improvements in inquiry activity and purchasing willingness, actual transactions remained sluggish constrained by downstream profit inversion, leading to a significant drop in orders for some recycled aluminum plants.
    For the short-term trend, industry analysts believe that recycled aluminum alloy prices will maintain high-level volatility. On one hand, weakened cost support, coupled with the dual pressure of seasonal off-season and downstream profit inversion, has dampened market trading sentiment. On the other hand, uncertainties in regional tax policies, supply constraints from environmental production restrictions and macro positive factors still provide a floor for aluminum prices.

    For more information, please click: https://www.tiktok.com/@mia_iota/video/7597717976720149782