Cast Aluminum Alloy Inventory Down 7,000 MT, Destocking Speeds Up

[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2606 contract opened at 24,140 yuan/mt today, rose to a high of 24,245 yuan/mt during the session before weakening, hitting a low of 23,935 yuan/mt, and finally closed at 24,040 yuan/mt, down 115 yuan/mt from the previous close, a decline of 0.48%. Spot side, ADC12 market prices remained largely stable today. The upward momentum in primary aluminum prices slowed, weakening cost-side drivers. Meanwhile, downstream demand remained persistently weak, with purchases mainly driven by rigid demand. Against the backdrop of ample low-priced supply and intensifying price competition, enterprises generally lacked the motivation to raise their quoted prices. However, purchase activities by futures-spot traders provided som

【SMM Port Inventory of Imported Bauxite】According to SMM's statistics on April 17, the total bauxite inventory at ten domestic ports decreased by 90,000 mt from the previous week.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 17 Apr , 2026