Aluminum alloy futures and spot prices both rose, demand is flat, transactions await verification.

robot
Abstract generation in progress

In the futures market today, the main aluminum alloy contract 2609 saw a slight rise overall, followed by consolidation and a pullback. The intraday high was 22,610 yuan/ton and the low was 22,285 yuan/ton. As of the midday price, it was 22,465 yuan/ton, up 0.27% on the day.

In the spot market today, the ADC12 market quotations overall showed an upward trend. The SMM ADC12 price increased by 100 yuan/ton from the previous day to 23,800 yuan/ton. Market sentiment has been somewhat restored, and companies’ willingness to follow the price increase has clearly strengthened.

At the same time, the procurement cost of scrap aluminum is still at a relatively high level. The cost side continues to provide ongoing support for ADC12 prices, prompting companies to actively push their quotes higher. However, from the demand side, downstream purchasing sentiment has improved only limitedly, and terminal orders remain relatively flat. Market transactions are mainly driven by just-need procurement, and the actual trading situation after prices rise still needs further validation. (SMM)

XAL0.15%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned