Overnight, the most-traded aluminum alloy futures fluctuated rangebound, with market trading becoming increasingly sluggish [SMM Cast Aluminum Alloy Morning Comment]
[SMM Cast Aluminum Alloy Morning Comment: ADC12 Futures Fluctuated Rangebound Overnight, Market Trading Turned More Sluggish] On Tuesday, SMM ADC12 prices held steady at 23,650 yuan/mt. As the Chinese New Year approaches, upstream and downstream enterprises in the secondary aluminum industry chain have entered a concentrated holiday period, leading to a noticeable decline in market liquidity. Actual transactions remained sluggish, with spot aluminum quotes mostly adjusting slightly around the futures.