SHFE Aluminum Prices Decline, Casting Alloy Resilience Narrows Futures Spread
[SMM Aluminum News Flash] Recently, SHFE aluminum prices have accelerated their decline, and casting aluminum alloy futures have also weakened. However, supported by factors such as tight aluminum scrap supply, tax invoice constraints and high costs, casting aluminum alloy prices have shown strong resilience, clearly outperforming primary aluminum in downside resistance. As a result, the price spread between the AL and AD futures has continued to narrow, hitting a new low since the contracts were listed. In the spot market, the positive price spread of ADC12 over A00 aluminum has widened in tandem.