Aluminum Alloy Futures Dip, Spot Market Declines Amid Tightening Scrap Supplies

Published: May 18, 2026 13:26

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[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2607 futures contract opened lower and rebounded with fluctuations today. It opened at 22,900 yuan/mt, then came under pressure and dipped during the session, closing at 22,895 yuan/mt before noon, down 255 yuan from the previous trading day's settlement price, a decline of 1.10%. Spot side, the ADC12 market generally declined today, with drops mostly contained within 100-200 yuan/mt. Currently, compliant aluminum scrap sources were tightening, forcing some secondary aluminum enterprises to cut production. Market supply contracted slightly, leading to rising hold-back-from-selling sentiment amid falling prices, which provided support for prices. In the short term, ADC12 prices are expected to continue moving sid

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