Aluminum alloy futures weaken, and ADC12 prices are expected to fluctuate within a narrow range.

In the morning, the main futures contract for aluminum alloy 2605 showed a pattern of rising sharply and then pulling back, with volatile weakening. After the market opened, prices quickly surged, reaching an intraday high of 23,985 yuan/ton, then faced resistance and declined, with the lowest point during the session dropping to 23,535 yuan/ton. By midday, it closed at 23,630 yuan/ton, down 115 yuan from the previous trading day, a decrease of 0.48%. Regarding spot markets, today’s ADC12 market prices remained stable. Aluminum prices and scrap aluminum prices narrowed their fluctuations, with cost-side support stabilizing, and most companies lacking the motivation to adjust prices. Meanwhile, downstream demand has not shown significant improvement, with procurement mainly driven by immediate needs, and market transactions remain dull. In the absence of new macroeconomic or fundamental drivers, it is expected that ADC12 prices will continue to fluctuate within a narrow range in the short term. Future focus should be on the evolving Middle East situation’s impact on aluminum prices and the performance of downstream consumption. ( Shanghai Nonferrous Metals Network )