Aluminum Futures Drop 1.73%, Spot Prices Mixed Amid Weak Demand

Published: May 15, 2026 16:13

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[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2607 futures contract opened at 23,255 yuan/mt today before briefly rising to 23,380 yuan/mt, then gradually pulled back under pressure. The decline widened further in the afternoon session, with the intraday low touching 22,945 yuan/mt. Although there was a slight recovery near the close, it ultimately settled at 23,050 yuan/mt, down 405 yuan/mt from the previous trading day, a drop of 1.73%. Spot side, some enterprises followed with slight price cuts driven by weakening aluminum prices, while others maintained stable pricing and adopted a wait-and-see approach due to elevated costs and tight compliant supply sources. Supply-demand structure perspective, demand side performance remained mediocre, suppressing pr

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