Aluminum Alloy Futures Rebound After Morning Dip, Spot Prices Adjust Downward Amid Volatility

Published: Mar 10, 2026 15:33

Save

[SMM Aluminum Alloy Daily Review] Futures, the aluminum alloy 2604 contract bottomed out intraday and then rebounded. After opening lower in the morning session, it quickly dipped to 23,295 yuan/mt before fluctuating upward. In the afternoon, bulls stepped up, and prices rose steadily, pulling back slightly toward the close to end at 23,680 yuan/mt, up 0.04%. Spot cargo, secondary aluminum alloy enterprises generally revised their quotes downward, with most cuts in the 100–300 yuan/mt range. During the week, volatility intensifies in futures and downstream wait-and-see sentiment strengthened, prompting some enterprises to slightly lower quotes to control order-taking risks. Meanwhile, tight supply of aluminum scrap raw materials and elevated procurement costs provided strong support for pr

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

China's Aluminum Processing Rates Steady at 64.7%; Demand Recovery and Supply Constraints Noted

This week, the weekly operating rate of leading downstream aluminum processing enterprises in China was flat MoM at 64.7%. such as can stock, energy storage, and automobiles. However, aluminum prices fluctuated at highs, exports to the Middle East were impeded, and some end-use consumption recovered less than expected, limiting upside room for the operating rate. The industry exhibited the characteristics of “steady with progress and structural divergence.”

6 hours ago

9 hours ago

Aluminum Fluoride Raw Material Costs Rise, Squeezing Enterprise Profits

[SMM Aluminum News Flash] This week, raw materials for aluminum fluoride overall continued to fluctuate upward. Although aluminum hydroxide prices weakened somewhat, sulphuric acid prices surged significantly, hitting new highs repeatedly. The sustained rise in costs has notably intensified pressure on enterprises' production and operations.

9 hours ago

Coal Tar Pitch Market Slumps as High-Temperature Coal Tar Oil Prices and Demand Weaken

[SMM Aluminum News Flash] On the coal tar pitch market front, high-temperature coal tar oil prices on the cost side are expected to continue weakening. Coupled with lukewarm downstream purchasing enthusiasm, the coal tar pitch market is expected to remain in the doldrums in the near term.

9 hours ago