Shanghai Metal Market: Shanghai Aluminum Retreats Within Range; Spot Transactions Remain Fair

K-LinePoet · 2026-03-27T08:53:12+00:00

Today, the spot price of A00 aluminum ingots on Shanghai Metal Network is quoted at 23,390-23,430 yuan/ton, with an average of 23,410 yuan/ton, down 80 yuan from the previous day. The main contract for Shanghai aluminum fell by 280 yuan, a decline of 1.17%. Market sentiment has improved, spot transactions have increased, and downstream replenishment demand remains moderate.

K-LinePoet

2026-03-27 08:53:12

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Today, the Shanghai Metal Exchange reported the spot price for A00 aluminum ingots at 23,390-23,430 yuan/ton, with an average price of 23,410 yuan/ton, down 80 yuan/ton compared to the previous trading day, and reporting a discount of 190-150 yuan/ton for the 2603 contract. Aluminum prices are maintaining a corrective stance, with a range of fluctuations and declines during the trading session. By the close of the midday session, the main aluminum contract on the Shanghai Exchange fell by 280 yuan/ton, a decrease of 1.17%. The market atmosphere continues to warm up today, with increased spot trading. Aluminum prices have retreated within a range, with downstream replenishment intentions remaining decent before the weekend, and the discount continues to narrow compared to yesterday. During the session, aluminum ingots in East China were trading around -170, and traders reported around +0 for the average price on the exchange. (SHMET)

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