In the futures market, the main aluminum alloy 2607 contract fell and closed lower. It closed at 23,050 yuan/ton, down 405 yuan year-on-year, a decline of 1.73%; after volatility during the trading session, it retreated. In the spot market, prices weakened slightly in line with the futures, but with costs staying at a high level and compliant supply remaining tight, most market participants adopted a wait-and-see stance regarding price stabilization. Overall, the demand side—given a relatively weak supply-and-demand structure—restrains price upside, but tighter supply at the margin, driven by ticket shortages, reduced imports, and phased production cuts, provides price support. Against this backdrop, in the short term, ADC12 quotations remain in a narrow trading range, with limited downside room.

K-LinePoet

2026-05-21 05:49:39

Abstract generation in progress

In the futures market, today’s main aluminum alloy 2607 contract opened at 23,255 yuan/ton after a brief rally to 23,380 yuan/ton, then gradually came under pressure and declined. In the afternoon, the decline further expanded, with the lowest point touching 22,945 yuan/ton during the session. Although there was slight recovery at the close, it ultimately settled at 23,050 yuan/ton, down 405 yuan/ton from the previous trading day, a decrease of 1.73%.
In the spot market, some enterprises slightly followed the weakening aluminum prices, while others, constrained by high costs and tight compliant sources, mainly maintained stable prices and adopted a wait-and-see approach.
From the supply and demand perspective, demand remains dull, exerting downward pressure on prices; however, supply has marginally tightened due to ticket shortages, reduced imports, and phased production cuts, providing some support for prices.
Against this background, the short-term ADC12 prices continue to fluctuate within a narrow range, with limited downside potential. (SMM)

XAL0.23%

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Aluminum alloy futures prices decline, short-term ADC12 prices fluctuate within a narrow range

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