Shanghai Metal Market: Shanghai Aluminum Falls, Downstream Restocking Accelerates

K-LinePoet · 2026-02-20T21:59:33+00:00

Today, Shanghai Metal Market A00 Aluminum Ingots are quoted at 23,320-23,360 yuan/ton, with an average price of 23,340 yuan/ton, down 410 yuan from the previous day. Aluminum prices fluctuate, with the main contract falling 460 yuan at midday. As the holiday approaches, downstream companies begin to take vacations, but spot transactions remain active, and sellers are raising their asking prices.

K-LinePoet

2026-02-20 21:59:33

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Today, Shanghai Metal Market spot A00 aluminum ingots are quoted at 23,320-23,360 yuan/ton, with an average price of 23,340 yuan/ton, down 410 yuan/ton from the previous trading day. The contract for 2602 is quoted at a discount of 200-160 yuan/ton. Aluminum prices remain within a range of fluctuation, with a sharp decline during the morning session. By midday, the Shanghai aluminum main contract fell 460 yuan/ton, a decrease of 1.92%. Today’s spot aluminum ingot transactions are relatively active. As the holiday approaches, downstream companies are gradually entering holiday mode. The decline in aluminum prices has stimulated a rush to stockpile, and trading of aluminum ingots during the session was relatively active. Holders report an average price about +20 yuan, with East China aluminum ingots’ discount narrowing to around -180. (SHMET)

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