Aluminum Alloy Futures Decline, Spot Market Stable Amid Weak Demand

Published: Apr 23, 2026 13:23

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[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2606 contract opened at 23,735 yuan/mt today, showing an overall pattern of opening higher followed by a unilateral decline. As of the midday session, the price fell 265 yuan from the previous trading day, down 1.12%. The spot ADC12 market remained stable for now. Affected by the narrow sideways movement in aluminum prices, the cost side lacked clear directional guidance, and enterprises generally showed little willingness to adjust prices. Meanwhile, downstream demand remained persistently weak with insufficient order follow-through, exerting some downward pressure on prices. Against the backdrop of weakness in both supply and demand, wait-and-see sentiment in the market intensified, with transactions mainly dr

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