Costs Decline, Demand Weak; ADC12 Quotes Continue to Fall [ADC12 Price Daily Review]

Futures: The aluminum alloy 2610 contract opened at 23,225 yuan/mt today. It briefly shot up in early trading, but bulls lacked momentum, and prices continued to drift lower, with intraday losses widening steadily. At midday, the contract closed at 23,120 yuan/mt, down 1.43%. On the 4-hour chart, prices fell with a streak of bearish candles. Support from the earlier rising moving average was lost, and technical indicators turned downward. Short-term bearish sentiment was clearly released, and the market shifted directly from high-level strength to a subdued consolidation pattern.

Spot MarketADC12 market offers were lowered by 200 yuan/mt across the board today. The price reduction was mainly driven by the pullback in aluminum prices, the subsequent decline in aluminum scrap prices that dragged costs lower, and weakness in cast aluminum alloy futures; cost-side support weakened. Meanwhile, the market is still in the high-temperature off-season, and some downstream enterprises have not fully resumed operations. Orders and purchasing demand remain weak, and the spot market lacks sufficient support, leaving enterprises with limited willingness to hold prices firm. Under the combined effect of lower costs and weak demand, ADC12 prices overall followed the market lower today.