Aluminum Alloy 2604 Futures See Mild Gains, Spot ADC12 Market Remains Stable

Published: Mar 17, 2026 15:21

Save

[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2604 contract opened at 23,710 yuan/mt in the morning session and then quickly climbed, once touching an intraday high of 23,945 yuan/mt. Bulls then lost momentum, and prices pulled back step by step. In the afternoon, it fluctuated rangebound, and late in the session it fell further to an intraday low of 23,575 yuan/mt, finally closing at 23,725 yuan/mt, up slightly 0.17% from the previous trading day. Spot side, the ADC12 market was largely stable overall today, with a few enterprises raising quotes slightly. Supported by a modest strengthening in aluminum scrap prices, cost support for some enterprises improved somewhat, but due to limited fluctuations in aluminum prices and generally weak downstream demand,

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

LME Aluminum Inventory Down 0.56% to 440,300 mt on March 17, Drops 8.56% Over Past Month

[SMM Aluminum Flash News] On March 17, LME aluminum inventory stood at 440,300 mt, down 2,500 mt from the previous day, a decrease of 0.56%; over the past week, LME aluminum inventory decreased by a cumulative 12,100 mt, a drop of 2.66%; over the past month, LME aluminum inventory decreased by a cumulative 41,200 mt, a decline of 8.56%.

1 hour ago

2 hours ago

The aluminum ingot market showed a mild recovery, while aluminum billet processing fees remained under pressure [SMM South China Spot Aluminum Daily Review]

2 hours ago

SHFE Cast Aluminum Alloy Warrants Drop to 53,078 MT, Down 362 MT from Previous Day

[SMM Flash News] SHFE data showed that as of March 17, the total registered volume of cast aluminum alloy warrants was 53,078 mt, a decrease of 362 mt from the previous trading day. By region, the total registered volumes were Shanghai (4,508 mt, down 92 mt), Guangdong (18,792 mt, down 300 mt), Jiangsu (6,818 mt, up 392 mt), Zhejiang (17,338 mt, down 332 mt), Chongqing (4,114 mt, unchanged), and Sichuan (1,508 mt, down 30 mt).

2 hours ago