Secondary Aluminum Alloy Prices Drop, Market Liquidity Slows Ahead of Chinese New Year

Published: Feb 10, 2026 16:56

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[SMM Secondary Aluminum Alloy Daily Review] Futures side, the most-traded secondary aluminum alloy 2604 contract opened at 2,222 yuan/mt, briefly rose above 22,300 yuan/mt after opening but lacked upward momentum to hold above that level. The price then dropped quickly during the session, hitting a low of 21,995 yuan/mt, with intraday fluctuations noticeably widening. It finally closed at 22,120 yuan/mt, down 105 yuan/mt or 0.47% from the previous close, with bears mainly increasing their positions. Spot market side, SMM ADC12 price held steady at 23,650 yuan/mt. As the Chinese New Year approaches, upstream and downstream enterprises in the secondary aluminum industry chain have entered a concentrated holiday period, leading to significantly reduced market liquidity and persistently sluggi

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