Domestic Aluminum Industry Costs Rise 1.5% MoM in April 2026, Expected to Continue Increasing

[SMM Aluminum Alloy Daily Review] Futures side, the aluminum alloy 2606 contract fluctuated upward today, opening at 23,145 yuan/mt and closing at 23,245 yuan/mt, up 335 yuan/mt from the previous settlement price, a gain of 1.46%. Spot side, ADC12 market price adjustments diverged today. Some enterprises attempted to slightly raise their offers driven by the recovery in futures, but overall momentum for increases remained insufficient, with most enterprises opting to hold prices steady and wait. The post-holiday market remained in a phase of tug-of-war between weak demand and cost support, with limited improvement in transactions. ADC12 prices are expected to maintain a narrow fluctuating trend in the short term.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 May , 2026