May Aluminum Alloy Imports and Exports Diverge; Prices Fluctuate as Price Difference Between A00 Aluminum and Aluminum Scrap Narrows [SMM Cast Aluminum Alloy Morning Comment]
[SMM Cast Aluminum Alloy Morning Comment: Aluminum Alloy Imports and Exports Diverge in May, Prices Fluctuate amid Narrowing Price Difference between A00 Aluminum and Aluminum Scrap] Overnight, the aluminum alloy 2608 contract opened at its session high of 23,650 yuan/mt. Subsequently, bulls' momentum gradually faded, and prices fluctuated and pulled back overall. The contract dipped to a session low of 23,490 yuan/mt, then edged up slightly toward the close to finally settle at 23,545 yuan/mt, edging down 105 yuan/mt from the settlement price.