SMM Secondary Aluminum Alloy Daily: Futures Fluctuate, Spot & Secondary Prices Rise with Mixed Quotations

Published: Nov 11, 2025 18:35
[SMM Secondary Aluminum Alloy Daily Review] Futures side, the most-traded cast aluminum alloy futures contract 2601 opened at 21,080 yuan/mt, hit an intraday high of 21,145 yuan/mt, then fluctuated downward and hit bottom at 21,015 yuan/mt, closed at 21,040 yuan/mt; trading volume was 4,323 and open interest was 14,938. In the short term, futures are expected to fluctuate upward, but approaching the resistance level (21,165 yuan/mt) and with bears increasing positions, be alert to the risk of retreat after rapid rise; support level focuses on MA5 (21,033 yuan/mt). Spot market side, today SMM A00 aluminum spot prices rose 130 yuan/mt to 21,620 yuan/mt; secondary aluminum market side, ADC12 prices increased 50 yuan/mt to 21,500 yuan/mt. Secondary aluminum market quotations showed a divergent trend: some enterprises actively followed the rise by 100 yuan/mt driven by cost pressure and low inventory, while some maintained quotations and adopted a wait-and-see stance, mainly because high prices suppressed downstream purchase willingness.

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[SMM Secondary Aluminum Alloy Daily Review] Futures side, the most-tra - Shanghai Metals Market (SMM)