Aluminum Alloy 2604 Futures Drop 1.06% Despite Morning Highs, Spot Prices Rise Amid Cost Support

Published: Mar 5, 2026 15:20

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[SMM Aluminum Alloy Flash Update] Futures, the most-traded aluminum alloy 2604 futures contract opened higher in the morning session and fluctuated upward, hitting an intraday high of 23,975 yuan/mt before noon; it retreated after rapid rise in the afternoon, with a sharp plunge late in the session to an intraday low of 23,290 yuan/mt, and finally closed at 23,420 yuan/mt, down 1.06% on the day. Trading volume increased, while open interest changed slightly. Spot, producers generally raised offers by 300-600 yuan/mt, and the SMM ADC12 price rose to the 24,700-24,900 yuan/mt range. Cost support was significant, and enterprises showed a strong willingness to raise prices. However, current high prices clearly restrained downstream purchasing, with replenishment mainly limited to small orders

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