Aluminum Alloy Futures Dip, Spot Market Declines Amid Tightening Scrap Supplies

Published: May 18, 2026 13:26

Save

[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2607 futures contract opened lower and rebounded with fluctuations today. It opened at 22,900 yuan/mt, then came under pressure and dipped during the session, closing at 22,895 yuan/mt before noon, down 255 yuan from the previous trading day's settlement price, a decline of 1.10%. Spot side, the ADC12 market generally declined today, with drops mostly contained within 100-200 yuan/mt. Currently, compliant aluminum scrap sources were tightening, forcing some secondary aluminum enterprises to cut production. Market supply contracted slightly, leading to rising hold-back-from-selling sentiment amid falling prices, which provided support for prices. In the short term, ADC12 prices are expected to continue moving sid

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

1 hour ago

Union Looks Forward to Meeting You at AASC 2026 — The 3rd Southeast Asia Automotive Supply Chain Conference

1 hour ago

Domestic Bauxite Imports Decline in April 2026, Down 9.4% MoM and 4.1% YoY

According to data from the General Administration of Customs, domestic imports of bauxite reached 19.74 million tons in April 2026, down 9.4% month-on-month and 4.1% year-on-year. The total import volume from January to April stood at 77.68 million tons, representing a year-on-year increase of 15.1%.

1 hour ago

Common.Time.hoursAgo

China's Motorcycle Industry Sees Strong Growth in April, Exports Up 15.99% MoM

[SMM Aluminum News] Data from the China Motorcycle Chamber of Commerce shows motorcycle production and sales in April totaled 2.2789 million units and 2.2716 million units, up 8.35% and 11.67% MoM, and up 11.53% and 13.63% YoY. Exports reached 1.3725 million units, up 15.99% MoM and 14.29% YoY. In April, the industry saw steady expansion in both production and sales, with exports contributing significantly to the growth. From January to April, the sector maintained a positive trajectory, supported by robust foreign trade performance.

Common.Time.hoursAgo