Secondary Aluminum Alloy Prices Rise

Published: Feb 4, 2026 17:55

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[SMM Aluminum Alloy Daily Report] Futures side, the aluminum alloy 2603 contract opened at 22,310 yuan/mt, surged to the intraday high of 22,595 yuan/mt by the close, up 380 yuan/mt or 1.71% from the previous settlement, mainly driven by bears reducing positions. Spot market side, SMM ADC12 price rose 150 yuan/mt to 23,800 yuan/mt. While futures showed a clear rebound, secondary aluminum smelters' offers diverged: some enterprises raised quotes by 200 yuan/mt following market trends, largely recovering the previous day's decline; others, constrained by weak orders, kept offers steady and adopted a wait-and-see approach. With aluminum prices rebounding, market procurement sentiment improved slightly compared to earlier, but downstream buyers continued to make just-in-time procurement.

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