First Capital Futures: Testing 24,000, Aluminum Prices Rise and Fall Back

2026-02-12 05:17:18

The upward momentum for aluminum prices is relatively weak. Although aluminum prices briefly rose above 24,000 this morning, with gains exceeding 2%, they quickly retreated afterward. The strong copper prices support aluminum, with bulls attempting to push above 24,000, but the upward pressure is quite significant, causing aluminum prices to fall back. For aluminum, there are currently few positive factors, and the energy pressures during winter are gradually easing. The global aluminum industry supply performance has been better than expected. Short-term upward momentum for aluminum prices is lacking, and it is expected to fluctuate between 23,000 and 24,000. Aluminum alloys temporarily surged and then fell back, following the rise and fall of aluminum prices. (First Capital Futures)

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