Aluminum Alloy Futures Drop 0.54% as Spot Prices Rise Amid Lackluster Demand

Published: Apr 16, 2026 13:19

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[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2606 futures contract opened at 24,095 yuan/mt today, hitting an intraday high of 24,200 yuan/mt and a low of 23,735 yuan/mt, before closing the morning session at 24,000 yuan/mt, down 0.54%. Spot side, driven by a significant rise in primary aluminum prices, cost support strengthened notably, and most enterprises chose to raise prices by 100 yuan/mt. However, demand side, downstream acceptance of high prices was limited, transactions were lackluster, and some enterprises lacked the momentum to raise prices, opting to hold steady and wait.

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Aluminum Alloy 2606 Futures Decline, Spot Prices Stable Amid Weak Demand

[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

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