Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
SMM

Aluminium prices decline, market trading sentiment rises, spot premiums and discounts in East China continue to narrow

2MINS READ

aluminium floor

SHFE aluminium 2602 fluctuated downward in the morning session, with the price centre lower than the previous trading day. Affected by the decline in aluminium prices, the spot-futures price spread, and the price spread between futures contracts, spot premiums/discounts in the market moved higher. Mainstream quotations were concentrated at the average price of RMB 20 per tonne.

{alcircleadd}

Today, the East China market shipment sentiment index was 2.89, up 0.08 W-o-W; the buying sentiment index was 2.73, up 0.03 W-o-W. SMM A00 aluminium was quoted at RMB 23,410 per tonne, down RMB 110 per tonne from the previous trading day, at a discount of RMB 170 per tonne against the 2603 contract, up RMB 10 per tonne from the previous trading day.

In the initial resumption period after the Chinese New Year break, orders at downstream processing enterprises had not fully recovered, and pre-holiday inventory buildup was not fully consumed, leading to low restocking willingness. However, the aluminium price correction still prompted some processing enterprises and traders to conduct slight restocking, and overall purchasing sentiment rebounded. The actual transaction price in the central China market finally ranged from a premium of RMB 10 to a discount of RMB 20 against the central China price.

Today, the central China market shipment sentiment index was 2.61, up 0.01 W-o-W; the buying sentiment index was 2.23, up 0.13 W-o-W. SMM central China closed at RMB 23,290 per tonne, down RMB 120 per tonne from the previous trading day, at a discount of RMB 290 per tonne against the 2603 contract, flat from the previous trading day. The Henan-Shanghai price spread was RMB 120 per tonne, widening by RMB 10 per tonne from the previous trading day.

On the inventory side, aluminium ingot inventory in major consumption areas increased by 16,000 tonnes W-o-W. Affected by the downstream Chinese New Year break, all three regions showed inventory buildup. In the short term, aluminium ingot inventory continued its seasonal buildup after the Chinese New Year, and spot premiums/discounts are expected to remain under pressure.

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.


Adv
Adv
Adv
Adv
Adv
Adv
Adv
2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle News App
AL Biz App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.