Aluminum Alloy Prices Decline as Bulls Lose Momentum, ADC12 Market Stays Cautious
[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2607 contract opened at 23,145 yuan/mt in the morning session today, reaching an intraday high of 23,200 yuan/mt. Bulls then lost momentum, and prices continued to decline, hitting a low of 22,995 yuan/mt. The midday close was at 22,995 yuan/mt, down 110 yuan/mt or 0.48% from the previous settlement price. Spot side, the ADC12 market overall maintained a wait-and-see stance with stable prices today, with the SMM ADC12 price holding steady from the previous day at 23,700 yuan/mt. Under the two-way tug-of-war between supply and demand, ADC12 prices are expected to move sideways in the short term, with overall market sentiment remaining cautious.