Overnight, cast aluminum alloy futures fluctuated and closed higher; spot cargo held up well [SMM Cast Aluminum Alloy Morning Comment]
[SMM Cast Aluminum Alloy Morning Comment: Overnight Cast Aluminum Alloy Futures Fluctuated and Closed Higher; Spot Cargo Held Up Well] Overnight, the cast aluminum alloy 2604 contract showed a fluctuating trend, dipping first and then rising. After the open, prices quickly fell to an intraday low of 22,765 yuan/mt, then bottomed out and rebounded, fluctuating upward. During the session, the tug-of-war between longs and shorts was intense, with prices repeatedly seesawing; toward the close, prices gradually moved higher, recouping most of the losses. It ultimately closed up 1.49% at 23,090 yuan/mt.