Shanghai Metal Network: Shanghai Aluminum Shows Strong Oscillation, Spot Market Atmosphere Recovers

K-LinePoet · 2026-03-16T23:03:12+00:00

Today, Shanghai Metals Network aluminum ingot spot prices rose slightly, with an average quote of 23,490 yuan/ton. Aluminum prices maintained range-bound fluctuations, and spot market trading conditions improved. Downstream users replenished inventory on a demand basis, with overall sentiment improving.

K-LinePoet

2026-03-16 23:03:12

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Today, Shanghai Metal Market spot A00 aluminum ingots are quoted at 23,470-23,510 yuan/ton, with an average price of 23,490 yuan/ton, up 110 yuan/ton compared to the previous trading day. The contract 2603 is quoted at a discount of 200-160 yuan/ton. Aluminum prices continue to fluctuate within a range, with a pullback from the high of the range in the early trading session. By midday, the Shanghai aluminum main contract closed up 90 yuan/ton, a 0.38% increase. The spot market atmosphere has warmed up today, and spot transactions are decent. Aluminum prices are oscillating within a relatively strong range, with downstream buyers replenishing inventories as needed. Spot trading sentiment has improved compared to the beginning of the week, and the discount has narrowed compared to yesterday. In the market, East China aluminum ingots are trading around -180 levels. (SHMET)

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