Holiday Atmosphere Intensifies Before the Festival, Secondary Aluminum Market in the Doldrums [SMM Cast Aluminum Alloy Morning Comment]
[SMM Cast Aluminum Alloy Morning Comment: Pre-Holiday Atmosphere Heats Up, Secondary Aluminum Market in the Doldrums] Overnight, the most-traded aluminum alloy 2604 futures contract opened at 22,195 yuan/mt, pulled back after opening, and hit a low of 22,010 yuan/mt. The price then rebounded to 22,100 yuan/mt and consolidated, eventually closing at 22,175 yuan/mt, up 130 yuan/mt or 0.59% from the previous close, with bulls mainly increasing their positions.