Aluminum Alloy 2610 Up 0.23%, ADC12 Prices Strengthen Amid Weak Demand
[SMM Aluminum Alloy Daily Review] Futures side, the aluminum alloy 2610 contract opened at 23,440 yuan/mt today, traded within the range of 23,420–23,545 yuan/mt during the session, and closed at midday at 23,520 yuan/mt, up 55 yuan from the settlement price, gaining 0.23%. Spot side, ADC12 market quotes today mainly consolidated on a strong note, with the SMM ADC12 price edging up by 50 yuan/mt. Currently, primary aluminum prices still provide cost support, and enterprises maintain the willingness to hold prices firm. However, end-use demand remains persistently weak, downstream procurement pace is relatively cautious, market transaction improvements are limited, and downward price adjustment lacks momentum while upward pass-through is also constrained by demand.