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17 AUGUST 2026 SMM

SHFE aluminium fluctuated at highs, spot premiums were flat on the last trading day

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Aluminium ingot

The image used in this article is generated with an AI tool and does not depict any real-time moment

In the morning session, the SHFE aluminium 2608 contract continued to trade at elevated levels. Today was the last trading day for the SHFE aluminium 2608 contract, and the price spread between near-month contracts was contango 20-contango RMB 50 per tonne. Today, spot premiums for SHFE aluminium were mainly transacted in the range of RMB 09-10 per tonne to RMB 09+10 per tonne. Today, the east China market’s shipment sentiment index was 3.15, up 0.01 W-o-W; the procurement sentiment index was 3.4, up 0.06 W-o-W.

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Today, aluminium futures rebounded slightly again. As it was also the first day of the week, downstream processing enterprises in the central China market showed low stockpiling sentiment, and overall procurement sentiment fell W-o-W from last Friday, with the market’s overall trading atmosphere remaining sluggish.

Ultimately, the actual transaction price range in the central China market hovered around a discount of RMB 90-110 per tonne against the SHFE aluminium 09 contract. Today, the central China market’s shipment sentiment index was 3.09, unchanged W-o-W; the procurement sentiment index was 2.9, down 0.07 W-o-W. Inventory side, today aluminium ingot inventory in major consumption areas decreased by 500 tonnes W-o-W, with only Gongyi 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. 


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