SMM Secondary Aluminum Alloy Daily: Futures Weak, Spot Prices Correct Sharply

Publicado: Nov 17, 2025 17:25
[SMM Secondary Aluminum Alloy Daily Review] Futures side, the most-traded cast aluminum alloy futures contract 2601 opened at 20,995 yuan/mt, extending weak consolidation during the session, with the lowest level reaching 20,880 yuan/mt, and closed at 20,990 yuan/mt, down 105 yuan/mt from the previous close, a decrease of 0.50%. Trading volume was 6,613 and open interest was 13,699, with the reduction mainly driven by bulls. Recently, aluminum alloy contracts generally experienced volatile corrections, and the support effectiveness at 20,800 yuan/mt needs attention. Spot side, aluminum prices showed a significant correction today, with the SMM A00 aluminum spot price falling 280 yuan/mt to 21,920 yuan/mt. In the secondary aluminum market, ADC12 prices also dropped 100 yuan/mt to 21,550 yuan/mt. Secondary aluminum enterprises adopted a cautious approach to price adjustments today, with most choosing to lower their offers by 100 yuan/mt following the market trend, while a few maintained a bullish outlook and kept their quotations stable for the time being.

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[SMM Secondary Aluminum Alloy Daily Review] Futures side, the most-tra - Shanghai Metals Market (SMM)