Shanghai Metal Market: Shanghai Aluminum fluctuates and declines; spot transactions improve

K-LinePoet · 2026-04-11T18:59:51+00:00

Today, Shanghai Metal Network A00 aluminum ingot spot quotes are 24,470-24,510 yuan/ton, with an average of 24,490 yuan/ton, down 20 yuan/ton from the previous trading day. Aluminum prices are relatively resilient; at midday, the Shanghai aluminum main contract fell by 255 yuan, a 1.03% decline. The spot market atmosphere is good, downstream purchasing is active, and the discount for East China aluminum ingots has narrowed to around -190.

K-LinePoet

2026-04-11 18:59:51

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Today, Shanghai Metal Market spot A00 aluminum ingots are quoted at 24,470-24,510 yuan/ton, with an average price of 24,490 yuan/ton, down 20 yuan/ton from the previous trading day. The contract for 2604 is quoted at a premium of 210-170 yuan/ton. The Middle East situation remains deadlocked, and the positive factors for aluminum prices still exist. Although non-ferrous metals collectively declined, aluminum prices are relatively resilient. By midday, the main Shanghai aluminum contract fell by 255 yuan/ton, a 1.03% decrease. Today, the spot market maintained a relatively good atmosphere. After the aluminum price decline widened, market buying sentiment further improved, and downstream buyers were relatively active. Today, the premium for East China aluminum ingots continued to narrow to around -190. (SHMET)

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