Futures retreat after rapid rise and consolidate, spot cargo edges up tentatively showing caution [ADC12 Price Daily Review]

Published: Aug 26, 2026 15:33

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[ADC12 Price Daily Review: Futures Retreat After Rapid Rise and Consolidate, Spot Edges Up Slightly with Caution] Today, ADC12 market quotes were overall slightly raised, with SMM ADC12 price increasing by 50 yuan/mt from the previous trading day to 23,950 yuan/mt. Mainly driven by strong aluminum prices and improved market sentiment, enterprises raised quotes following cost and market changes, but the overall adjustment range was relatively restrained.

Futures: The aluminum alloy 2610 contract opened at 23,265 yuan/mt today, initially consolidating on a strong note during the session. In the afternoon, bullish momentum waned, and prices turned lower, reaching a high of 23,385 yuan/mt and a low of 23,065 yuan/mt, before closing at 23,130 yuan/mt, down 0.58%. On the 4-hour chart, prices shot up and then pulled back with a bearish candle. The previous rebound pace slowed, encountering significant resistance above. The tug-of-war between longs and shorts intensified in the short term, and the market shifted into a consolidation pattern.

Spot: ADC12 market quotes were raised slightly overall today. SMM ADC12 prices rose 50 yuan/mt from the previous trading day to 23,950 yuan/mt. Driven by strong aluminum prices and improved market sentiment, enterprises raised quotes following cost and market changes, but the adjustment magnitude was relatively moderate. End-use demand remains relatively weak, with downstream procurement mainly on a hand-to-mouth basis and limited acceptance of price increases. Some enterprises chose to hold steady after earlier adjustments, and the overall market remained cautious about upward moves. In summary, ADC12 prices still receive cost support in the short term, but the demand side has not yet formed a clear upward driver. Further price increases and sustainability still depend on aluminum price trends and downstream demand recovery.

Imports: Overseas ADC12 quotes held steady at $3,050–3,190/mt, and the import loss remained slightly around 900 yuan/mt.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

Images in this article contain AI-translated captions for reference only.

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