[SMM Cast Aluminum Alloy Morning Comment: Aluminum alloy futures closed up 1.64% overnight as bullish sentiment heated up] The aluminum alloy 2606 contract opened at 23,755 yuan/mt overnight and closed sharply higher at 24,130 yuan/mt. At the beginning of the night session, prices moved sideways around the opening level with a steady trend. Mid-session, bulls pushed prices up rapidly, driving futures to the intraday high of 24,200 yuan/mt. Prices then pulled back slightly and consolidated, running above the intraday VWAP throughout the session, indicating a solid bullish structure.

[SMM Cast Aluminum Alloy Morning Comment: Aluminum Alloy Futures Closed Higher in Overnight Session, Spot Cargo Remained Stable] The aluminum alloy 2606 contract opened at 23,760 yuan/mt during the night session. After the opening, futures prices rose steadily, with prices running above the average price line throughout the session, showing a solid trend structure. Futures saw a slight increase in open interest simultaneously, with open interest edging higher. Volume and momentum were well-coordinated during the rise, and the price center continued to shift upward. Prices during the night session ranged from 23,695 to 23,920 yuan/mt. Prices moved sideways at highs near the close with no notable pullback, and the daily candlestick ultimately closed at 23,890 yuan/mt, up 0.84% for the day.

[SMM Cast Aluminum Alloy Morning Comment: Weak Demand, ADC12 Spot Continued to Weaken] Spot side, the ADC12 market continued in the doldrums yesterday. Affected by aluminum prices being in the doldrums and poor demand-side performance, market sentiment turned cautious. Most market participants slightly lowered their quotes, while a few enterprises held prices steady and took a wait-and-see approach. Currently, low-priced resources increased, the transaction center shifted downward, and prices showed a passive pullback pattern. In the short term, against the backdrop of marginally weakening cost support and limited demand improvement, ADC12 prices are expected to remain in the doldrums.

South Korea's Economic Daily reported on Thursday that Samsung Electronics is expected to supply OpenAI with its next-generation high-bandwidth memory (HBM4) chips for the latter's first in-house artificial intelligence processor. Last year, Samsung signed a memorandum of understanding, committing to supply memory chips for OpenAI's data centers to meet the growing demand of its "Stargate" project.

[SMM SHFE Copper Flash News] According to the SHFE warrant daily report, copper futures warrants decreased by 11,264 mt during the day, the largest daily decline so far in 2026. Among them, Shanghai fell by 4,750 mt, breaking the previous trend of लगातार increases; Guangdong fell by 447 mt; Jiangsu fell by 5,867 mt; and Zhejiang fell by 200 mt. As copper prices declined during the week, downstream restocking demand emerged, copper cathode social inventories had already begun a slight destocking, and Shanghai spot copper also shifted from discounts to premiums.

[SMM Copper Flash] During the day, the SHFE warrant daily report showed that copper futures warrants increased by 3,599 mt to 319,087 mt. The increase was mainly in the Shanghai area; data showed that the Shanghai area increased by 4,103 mt to 167,865 mt, while the Jiangsu area decreased by 504 mt to 95,150 mt.