SHFE Cast Aluminum Alloy Warrants Drop to 66,848 MT on Feb 11

[SMM Daily Review] Futures side, the most-traded aluminum alloy 2604 contract first fell then rose today. It hit bottom at 22,080 yuan/mt in the morning session and gradually rebounded, fluctuating at highs and consolidating in the afternoon, finally closing at 22,205 yuan/mt, up 70 yuan/mt or 0.32% from the previous close, with bulls mainly increasing positions. Spot market side, A00 aluminum price edged down 30 yuan/mt from the previous trading day to 23,260 yuan/mt, while SMM ADC12 price held steady at 23,650 yuan/mt. As the Chinese New Year approached, upstream and downstream enterprises in the secondary aluminum industry chain entered a concentrated holiday period, market liquidity significantly decreased, actual transactions remained sluggish, and spot quotations mostly adjusted slig

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 11 Feb , 2026

According to CAAM data, in January, automobile production and sales reached 2.45 million and 2.346 million units respectively. Production was up 0.01% YoY, while sales decreased by 3.2% YoY, down 25.7% and 28.3% MoM respectively. NEV production and sales reached 1.041 million and 945,000 units respectively, increasing by 2.5% and 0.1% YoY. NEV sales accounted for 40.3% of total new automobile sales. According to CAAM analysis, in January, the overall automobile industry operated steadily. The passenger vehicle market experienced some decline, while the commercial vehicle market continued its positive trend. The NEV market operated stably, and automobile exports maintained growth. The main factors contributing to the market decline were: first, the transition and adjustment of the NEV purch