Aluminum Alloy Futures Recovered and Moved Higher; Supply and Demand Stable, Spot Cargo Remained in Wait-and-See Mode [SMM Cast Aluminum Alloy Morning Comment]
[SMM Cast Aluminum Alloy Morning Comment: Aluminum Alloy Futures Recover and Rise, Supply and Demand Stable, Spot Cargo Remains Wait-and-See] Last Friday, the aluminum alloy 2610 contract opened at 23,215 yuan/mt in the night session. After it dipped to support at 23,170 yuan/mt at the open, bulls gained strength and pushed prices higher. During the session, it shot up to 23,400 yuan/mt and closed at 23,340 yuan/mt, up 0.54%.