Shanghai Metal Market: Shanghai Aluminum Range Adjustment, Good Spot Market Sentiment

K-LinePoet · 2026-04-02T07:40:25+00:00

Today, the average spot price of A00 aluminum ingots on Shanghai Metal Network is 23,810 yuan/ton, up 300 yuan from the previous trading day. Aluminum prices are showing a strong volatile trend, with the main Shanghai aluminum contract rising by 155 yuan. Downstream maintains a low procurement pace, and spot quotes remain firm, maintaining a range-bound trend.

K-LinePoet

2026-04-02 07:40:25

Abstract generation in progress

Today, Shanghai Metals Market spot A00 aluminum ingot is quoted at 23,790–23,830 yuan/ton, with an average price of 23,810 yuan/ton. Compared with the previous trading day, it is up 300 yuan/ton. For the 2604 contract, it is quoted at a discount of 110–70 yuan/ton. In the early session, aluminum prices moved sideways with a slight bullish bias. By the midday close, the main Shanghai aluminum contract rose 155 yuan/ton, up 0.65%. Today, the spot market atmosphere remains favorable; aluminum prices continue to trade within a range. Support factors are still in place, downstream players maintain a low, steady procurement pace, and holding traders’ price-support sentiment has not changed. Spot quotes remain firm. Today, in East China, aluminum ingots are quoted at around +10 versus the market average for the network, and the discount to the 04 contract has narrowed to around -90. (SHMET)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.