Aluminum alloy futures fall, spot prices decline, supply and demand both weaken, companies are passively lowering prices

In the futures market, the aluminum alloy 2606 contract opened today at 23,660 yuan/ton, with a pre-lunch closing price of 23,475 yuan/ton, down 185 yuan/ton from the previous settlement, a decline of 0.78%.
In the spot market, the ADC12 market price continued its downward trend today, mainly with widespread declines among enterprises.
On one hand, the weakening aluminum prices have loosened the support at the cost end; on the other hand, downstream demand remains weak, with limited order releases, and the increase in low-priced market resources has further intensified price competition.
Under the weak supply and demand pattern, most enterprises adopt a passive price reduction strategy to clear inventory, showing little willingness to resist price declines. (SMM)