Shanghai Metal Market: Shanghai Aluminum Maintains High Levels, Spot Transactions Stable

K-LinePoet · 2026-04-07T16:08:21+00:00

Today, Shanghai Metal Market spot A00 aluminum ingots are quoted at 24,590-24,630 yuan/ton, with an average price of 24,610 yuan/ton, up 80 yuan/ton compared to the previous trading day. The contract 2604 is quoted at a premium of 120-80 yuan/ton. Influenced by the Middle East situation, aluminum prices remain strong. By midday, the Shanghai aluminum main contract rose by 265 yuan/ton, a 1.08% increase. The spot market today is relatively stable. Aluminum prices stay relatively strong, with downstream companies mostly purchasing in preparation for the holiday, and high prices limiting consumption sentiment. Today, East China aluminum ingots for the 04 contract slightly decreased to a premium of around 100, and the pre-holiday premium may loosen. (SHMET)

K-LinePoet

2026-04-07 16:08:21

Today, Shanghai Metals Market spot A00 aluminum ingot is quoted at 24,590-24,630 yuan/ton, with an average price of 24,610 yuan/ton. Compared with the previous trading day, it rose by 80 yuan/ton. For the 2604 contract, it is quoted at a discount of 120-80 yuan/ton. Influenced by the situation in the Middle East, the aluminum price has stayed strong; as of the midday close, the main Shanghai aluminum contract is up 265 yuan/ton, a gain of 1.08%. Today, the spot market is relatively stable. Aluminum prices remain biased upward. Downstream enterprises mainly follow a pre-holiday stock-up purchasing pace. High prices curb consumption sentiment. Today, East China aluminum ingots versus the 04 contract are slightly lowered to around a discount of 100. Pre-holiday premiums may loosen.（SHMET）

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