Shanghai Metal Network: Shanghai aluminum fluctuates at low levels, with steady spot trading

K-LinePoet · 2026-03-24T05:19:07+00:00

Today, Shanghai Metal Market's spot A00 aluminum ingots were quoted at 23,450-23,490 yuan/ton, with an average price of 23,470 yuan/ton, up 30 yuan/ton from the previous trading day. The quotes against the 2604 contract ranged from a discount of 160 to 120 yuan/ton. Shanghai aluminum maintained a low-range oscillation trend, with the main contract closing up 110 yuan/ton at midday, a rise of 0.47%. Today's market atmosphere was relatively stable, with a bullish outlook on aluminum prices. After Shanghai aluminum found support at the bottom of the range and stopped falling, the low-buying sentiment remained moderate. The willingness of holders to resist price declines was limited, and trading was relatively active. The discount for East China aluminum ingots continued to narrow, settling around -140 yuan/ton. (SHMET)

K-LinePoet

2026-03-24 05:19:07

Today, Shanghai Metal Market spot A00 aluminum ingots are quoted at 23,450-23,490 yuan/ton, with an average price of 23,470 yuan/ton, up 30 yuan/ton compared to the previous trading day. The spread for contract 2604 is reported at a premium of 160-120 yuan/ton. Shanghai aluminum maintains a low-range oscillation trend; by midday, the main contract rose 110 yuan/ton, a 0.47% increase. The market sentiment today is relatively positive, with a bullish outlook on aluminum prices. After finding support at the bottom of the range, Shanghai aluminum’s downward momentum is limited. Sellers are less aggressive in holding prices, and trading volume is moderate. The discount for East China aluminum ingots continues to narrow, now around -140. (SHMET)

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