October 9 SMM aluminum alloy ADC12 price

According to market sources, the Vietnam Dak Nong 450,000 mt aluminum project recently made certain progress, with the lower shells of 112 electrolysis cells in the Phase I project undertaken by the company successfully passing overall acceptance inspection. The successful completion of this period marked a phased breakthrough in the construction of the project's core section, safeguarding the on-schedule completion and commissioning of the project.

[SMM Aluminum Alloy Daily Review] The most-traded cast aluminum alloy 2606 futures contract closed at 23,820 yuan/mt in the midday session today, down 265 yuan/mt, a decline of 1.10%. On the spot side, ADC12 market prices were generally lowered. Downstream buyers mainly made just-in-time procurement, and transactions were sluggish. Under the pattern of weak supply and demand on both sides, the price center continued to shift downward. Going forward, attention should be paid to aluminum price trends and marginal improvement on the demand side.