Aluminum Alloy Futures Consolidate with Recovery, Spot Cargo Remains Stable with Cautious Sentiment [ADC12 Price Daily Review]

Published: Aug 24, 2026 12:03

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[ADC12 Price Daily Review: Aluminum Futures Consolidate and Recover, Spot Aluminum Steady with a Wait-and-See Approach] Today, spot market offers were generally stable, with localized tentative increases mainly seen. Some enterprises considered raising prices by 50-100 yuan/mt, mainly driven by the recent rise in aluminum prices and raw material costs.

Futures: The aluminum alloy 2610 contract opened at 23,085 yuan/mt today. After a slight initial shot up, the bulls quickly weakened, and the price drifted lower to the intraday low of 22,930 yuan/mt. It rebounded somewhat at midday and closed at 23,015 yuan/mt at noon, edging down 0.24%. On the 4-hour chart, after the previous sharp decline, it entered a low-level repair phase. The short-term downward pace slowed, and indicators turned up from low levels. It encountered obvious resistance above, and the market maintained a consolidating pattern.

Spot market: Spot market quotes were generally stable today, with some local tentative raises. Some enterprises considered raising prices by 50-100 yuan/mt, mainly driven by the recent rise in aluminum prices and raw material costs. However, as end-use demand remains weak, market transaction improvements are limited. Enterprises are still cautious about accepting orders after the price increase, and most enterprises are temporarily stabilizing quotes and observing the market. Overall, cost support has strengthened, but demand-side constraints remain obvious. ADC12 prices will continue to consolidate at highs in the short term.

Import side: Overseas ADC12 quotes temporarily stable at $3,050-3,190/mt. The import spot loss slightly remains at around 900 yuan/mt. The import window has not opened yet, and overseas supply replenishment is limited.

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.

Images in this article contain AI-translated captions for reference only.

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