Concentrated east China arrivals, slow rebound in SHFE aluminium spot premiums
Stock image for referential purposes only
The centre of the SHFE aluminium 2609 contract futures moved lower today compared with the same period yesterday. Continued arrivals in east China fuelled active selling sentiment, making it difficult for spot discounts in the region to narrow significantly. Today, spot premiums for A00 aluminium ingot were transacted at discounts of RMB 40 per tonne to parity.
SHFE aluminium futures pulled back, but trading sentiment in the central China market remained sluggish. With the deepening off-season, buying sentiment among downstream processing enterprises stayed low. Against the backdrop of falling aluminium prices, suppliers showed a strong willingness to hold prices firm, but overall trading volume was low. Ultimately, the actual transaction price range in the central China market centred around discounts of RMB 90-120 per tonne against the SHFE aluminium 09 contract.
On the inventory side, aluminium ingot inventory in major consumption areas increased by 1,000 tonnes M-o-M today, with only Wuxi showing an inventory buildup.
Note: This article has been issued by SMM and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.
Canada’s aluminium exports slide 2% as US tariffs drive the H1 2026 decline
Next articleChuangxin Industries reports $1.7b H1’26 revenue as integrated aluminium strategy gains traction
Grow with
AL Circle
