Aluminum Alloy 2605 Contract Sees Midday Decline, ADC12 Prices Remain Stable Amid Narrowing Cost Fluctuations
[SMM Aluminum Alloy Daily Review] Futures side, before midday the most-traded aluminum alloy 2605 contract retreated after a rapid rise and then fluctuated downward. After opening, the price rose rapidly to an intraday high of 23,985 yuan/mt, then pulled back under pressure, with the session low falling to 23,535 yuan/mt. As of the midday close, it stood at 23,630 yuan/mt, down 115 yuan from the previous trading day, a decline of 0.48%. Spot side, ADC12 market prices were mainly stable today. As fluctuations in aluminum prices and aluminum scrap prices narrowed, cost support tended to stabilize, and enterprises generally lacked the motivation to adjust prices. Meanwhile, downstream demand showed no obvious improvement, with procurement still mainly driven by rigid demand, and market transa