SMM News on June 10: At 9:00 a.m. on June 10, the cast aluminum alloy futures were officially listed on the Shanghai Futures Exchange (SHFE). SMM CEO Logan Lu was invited to the SHFE site to witness the listing ceremony of the cast aluminum alloy futures and options. Wang Xiayan, head of the aluminum sector sales for industrial information at SMM's Big Data Department, and Zhang Limin, a senior analyst in SMM's aluminum industry, also attended the event at the site.
According to information from the SHFE, the cast aluminum alloy futures were listed at 9:00 a.m., while the cast aluminum alloy options were listed at 21:00 that day. A total of seven contracts for the first batch of listed cast aluminum alloy futures were AD2511, AD2512, AD2601, AD2602, AD2603, AD2604, and AD2605, with a listing benchmark price of 18,365 yuan/mt. According to SMM's spot quotes, the SMM ADC12 aluminum alloy spot price on June 10 remained at 19,800-20,000 yuan/mt, with an average price of 19,900 yuan/mt.
On the first day of listing, the cast aluminum alloy futures opened higher, surging over 5% during the trading session, and closed at 19,190 yuan/mt with a 4.649% increase. The total trading volume reached 57,300 lots, with a turnover exceeding 11 billion yuan and an open interest of 11,500 lots.
Industry experts believe that the listing of the cast aluminum alloy futures and options is not only an important milestone in the innovation of China's futures market but also a landmark event for the development of the global secondary metal industry. With the popularization of futures tools, the secondary aluminum industry is expected to take the lead in achieving "price transparency, standardized transactions, and low-carbon development," contributing China's solutions to the global circular economy.
Meanwhile, SMM , as a metal quotation platform that has long been committed to providing comprehensive, timely, and accurate information and data services for the non-ferrous metals industry, was invited to attend the listing ceremony of the cast aluminum alloy futures and options, reflecting SMM's professional status in the non-ferrous metals sector and its positive role in promoting industry development.
In the future, SMM will continue to monitor the development trends of the cast aluminum alloy futures and options markets. Leveraging its professional strengths, SMM will provide more valuable market analysis, data interpretation, and industry insights for upstream and downstream enterprises in the industry chain, helping enterprises better utilize futures and options tools to manage price risks, seize market opportunities, and promote the green, low-carbon, and high-quality development of the aluminum industry.
