Futures: Today, the aluminum alloy 2610 contract opened at 23,180 yuan/mt. It first dipped to 23,100 yuan/mt in early trading before stabilizing and rebounding, drifting higher. It closed at 23,215 yuan/mt at midday, up 0.11%. On the 4-hour chart, it rebounded from lows and closed higher. Support at the previous low of 22,820 held effectively, indicators improved somewhat, and the short-term market entered a low-level consolidation-and-repair pattern.
Spot: Today, the overall ADC12 market remained steady, with no significant adjustments in industry quotes for the time being. SMM ADC12 prices held steady at 23,950 yuan/mt. At present, both the cost side and demand side lacked notable changes. Aluminum prices and aluminum scrap raw material prices showed limited fluctuations, providing relatively stable support and impetus for ADC12 prices. Demand remained at the tail end of the off-season, downstream procurement pace was generally slow, and the market had yet to form a clear restocking driver. With supply and demand and costs lacking obvious changes, the industry’s overall willingness to adjust prices was relatively weak, and wait-and-see sentiment in the market remained strong. In the short term, ADC12 prices were expected to continue moving sideways within a narrow range. Going forward, as the traditional peak season approaches, close attention should be paid to improvements in downstream orders and procurement demand.
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