Shanghai Metal Market: Shanghai Aluminum Continues to Rise, Downstream Consumption Remains Steady

K-LinePoet · 2026-04-02T03:41:05+00:00

Today, Shanghai Metal Market spot A00 aluminum ingots are quoted at 25,100-25,140 RMB/ton, with an average price of 25,120 RMB/ton, up 730 RMB/ton compared to the previous trading day. The contract for 2603 is quoted at a premium of 160 to 120 RMB/ton. Geopolitical conflicts continue to intensify, supporting a rising trend in aluminum prices. By midday, the Shanghai aluminum main contract rose by 780 RMB/ton, a 3.18% increase. Influenced by the situation in the Middle East, short-term market bullish sentiment remains, with downstream buyers becoming more cautious about high prices. Consumption has accelerated compared to before, with stockholders continuing to support prices and offer goods. The average market price is around +0, with aluminum ingot quotes in East China converging to around -140 RMB/ton for transactions. (SHMET)

K-LinePoet

2026-04-02 03:41:05

Today, Shanghai Metals Market spot A00 aluminum ingots are quoted at 25,100–25,140 yuan/ton, with an average price of 25,120 yuan/ton, up 730 yuan/ton from the previous trading day. For the 2603 contract, they are quoted at a discount of 160–120 yuan/ton. Geopolitical conflict factors continue to intensify, and the aluminum price maintains an upward trend. As of the midday close, the LME aluminum main contract on the Shanghai Futures Exchange rose by 780 yuan/ton, up 3.18%. Influenced by the situation in the Middle East, bullish sentiment in the market remains strong in the near term. Downstream buyers are increasingly reluctant to chase higher prices, so consumption pace has accelerated compared with before. During the trading session, holders continued to support prices, keeping offers tight; compared with the network average, the quotes were around +0. In the East China region, aluminum ingot quotes moved in line as well, continuing to converge, down to around -140, with trades taking place. (SHMET)

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