Aluminum Alloy 2607 Up 0.30%, ADC12 Prices Steady Amid Cost and Demand Tug-of-War
[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2607 contract opened at 23,080 yuan/mt today, reaching a high of 23,190 yuan/mt and a low of 23,075 yuan/mt during the session, and closed at 23,130 yuan/mt at midday, up 70 yuan/mt or 0.30% from the previous settlement price. Spot side, the ADC12 market overall continued a stable-price wait-and-see pattern today, with the SMM ADC12 price holding steady from the previous day at 23,700 yuan/mt. Overall, the market remained in a tug-of-war between "high cost support" and "weak demand suppression," and ADC12 prices were expected to continue moving sideways in the short term.