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Aluminum alloy futures prices decline, with both spot supply and demand remaining weak, leading to a wait-and-see market.
In the futures market, today the main contract of aluminum alloy 2606 opened at 23,735 yuan/ton, showing a predominantly downward trend after a high opening. By midday, the price had fallen 265 yuan from the previous trading day, a decline of 1.12%. The spot ADC12 market is currently stable. Due to the narrow fluctuations in aluminum prices, there is no clear directional guidance from the cost side, and most companies are not eager to adjust prices; meanwhile, downstream demand remains weak, with insufficient order follow-up, exerting some pressure on prices. Against the backdrop of weak supply and demand, market sentiment is increasingly cautious, with transactions mainly driven by immediate needs. (SMM)