Aluminum Alloy 2606 Rises 0.83%, Spot ADC12 Steady Amid Weak Demand Ahead of Labour Day Holiday

Published: Apr 27, 2026 13:30

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[SMM Aluminum Alloy Daily Review] Futures side, the aluminum alloy 2606 contract opened today at 23,390 yuan/mt, then quickly surged to an intraday high of 23,685 yuan/mt, with gains briefly approaching 0.9%. Prices then fluctuated and pulled back, last reported at 23,575 yuan/mt, up 195 yuan/mt from the previous close, a gain of 0.83%. Short-term moving averages turned upward, and the KDJ indicator formed a golden cross at low levels, indicating that short-term rebound momentum saw some recovery. Spot side, the SMM ADC12 price remained flat from the previous trading day at 24,100 yuan/mt. Cost side, aluminum price fluctuations narrowed, offering limited price support. Demand side, although the Labour Day holiday was approaching, downstream orders contracted, leading to weak stockpiling wi

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