Aluminum Alloy Futures Dip, Spot Market Holds Steady Amid Limited Sentiment Recovery

Published: Mar 24, 2026 15:47

Save

[SMM Daily Review of Aluminum Alloy] Futures: The aluminum alloy 2604 contract opened at 22,750 yuan/mt today. After a brief dip in early trading, it then fluctuated upward. It attempted to move higher multiple times during the session but failed to break the intraday high, gradually weakened in the afternoon, and accelerated its pullback late in the session. It finally closed at 22,585 yuan/mt, down 165 yuan/mt from the previous settlement price, a decline of 0.73%. Spot: The ADC12 market as a whole continued to hold prices steady today. Although aluminum prices showed signs of stabilizing today, market sentiment recovered only to a limited extent, and enterprises generally chose to delay price adjustments and remain on the sidelines. Demand side, downstream order improvement was not obvi

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

Common.Time.minsAgo

Aluminum Prices Stabilized but Failed to Change Wait-and-See Sentiment, Short-Term Fluctuations to Continue [SMM Cast Aluminum Alloy Morning Comment]

[SMM Cast Aluminum Alloy Morning Comment: Aluminum Prices Halted Their Decline, but Wait-and-See Sentiment Remained Unchanged; Rangebound Movement May Continue in the Short Term] Spot market, yesterday the overall ADC12 market continued to hold prices steady. Aluminum prices showed signs of halting their decline, but market sentiment recovered only limitedly, and enterprises generally chose to postpone price adjustments and mainly adopt a wait-and-see stance. Demand side, downstream orders did not improve significantly, and just-in-time procurement remained the main approach, with mediocre transaction performance. Against the backdrop of easing cost-side fluctuations and insufficient demand support, ADC12 prices may continue to fluctuate within a range and remain relatively stable in the short term, with relatively limited momentum for price adjustments. Further attention should still be paid to aluminum price trends and the recovery of end-use demand.

Common.Time.minsAgo

Common.Time.hoursAgo

SHFE Aluminum Edged Up After Halting Its Decline, Spot Aluminum Stabilized and Improved [SMM South China Spot Aluminum Daily Review]

Common.Time.hoursAgo

SHFE Cast Aluminum Alloy Warrants Drop by 2,047 mt to 42,944 mt on March 24

[SMM Flash News] SHFE data showed that as of March 24, the total registered volume of cast aluminum alloy warrants was 42,944 mt, a decrease of 2,047 mt from the previous trading day. By region, the total registered volume was Shanghai (2,755 mt, down 422 mt), Guangdong (17,257 mt, down 210 mt), Jiangsu (4,209 mt, down 813 mt), Zhejiang (13,672 mt, down 483 mt), Chongqing (3,723 mt, down 119 mt), and Sichuan (1,327 mt, increase 0 mt).

Common.Time.hoursAgo