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Aluminum Alloy 2604 Futures Rise 2.86%, Spot Prices Rise Amid Rising Raw Material Costs
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Aluminum Alloy 2604 Futures Rise 2.86%, Spot Prices Rise Amid Rising Raw Material Costs
[SMM Aluminum Alloy Flash] Futures: The most-traded aluminum alloy 2604 contract moved higher during the daytime session and closed at 23,400 yuan/mt, up 650 yuan/mt or 2.86% from the previous settlement. Short positions were mainly reduced, and prices broke above the recent trading range.Spot ADC12 prices also extended gains, with mainstream offers raised by 100-300 yuan/mt, supported by rising raw material costs. Demand staged a steady recovery but remained modest overall. Downstream buyers continued to purchase on an as-needed basis, while soft demand capped the upward potential for prices.
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Fundamental Disruptions Drove Primary Aluminum Prices Higher, and Aluminum Scrap Actively Followed the Rise [Daily Aluminum Scrap Review]
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