Today, Shanghai Aluminum spot A00 quotes are 24,370-24,410 yuan/ton, with an average of 24,390 yuan/ton, up 130 yuan from the previous day; the spread for the 2606 contract is quoted at a discount of 180-140 yuan/ton. At midday, the main contract rose by 80 yuan/ton, a 0.33% increase. The spot market atmosphere is still decent, and there is a consensus on strong aluminum prices. After the price center shifted downward, demand recovered, downstream buyers increased low-price purchases, and holders maintained their prices. East China aluminum ingot basis narrowed to about -160 yuan/ton, and the spot price is basically flat against the online price.

K-LinePoet

2026-05-21 04:46:46

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Today, Shanghai Metals Market spot A00 aluminum ingots are quoted at 24,370-24,410 yuan/ton, with an average price of 24,390 yuan/ton, up 130 yuan/ton from the previous trading day. The 2606 contract is quoted at a discount/premium of 180-to-140 yuan/ton, respectively. This morning, aluminum prices remained in a range-bound adjustment trend. As of the midday close, the Shanghai Aluminum main futures contract was up 80 yuan/ton, a gain of 0.33%. Today, sentiment in the aluminum spot market is fairly steady; the market maintains a consensus on strong aluminum prices. After the price center shifted downward, the downstream consumption side’s sentiment has somewhat recovered. During the session, Shanghai Aluminum saw intermittent consolidation at relatively low levels, while downstream buyers took the opportunity to purchase at lower prices. Holders appear to have some willingness to support prices, and their quotes are relatively firm. During the session, the spot aluminum ingots’ quote versus the market average was around +0. In East China, the aluminum ingots’ tracked premiums/discounts continued to narrow to around -160. (SHMET)

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Shanghai Metal Network: Shanghai Aluminum fluctuates and adjusts; spot trading remains decent

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