Aluminium Market Sentiment Weak Ahead of Chinese New Year

Published: Feb 10, 2026 15:00

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SMM February 10 report:
SHFE aluminum 2602 fluctuated downward in the morning session, with the price center lower than the previous trading day. Affected by the approaching Chinese New Year, overall market procurement sentiment was weak, prompting sellers to lower prices. Mainstream transaction prices were concentrated at discounts of 20 yuan/mt to 10 yuan/mt. Today, the east China market shipment sentiment index was 2.7, down 0.08 WoW; the purchase sentiment index was 2.5, down 0.11 WoW. On February 10, SMM A00 aluminum was quoted at 23,290 yuan/mt, down 110 yuan/mt from the previous trading day, at a discount of 190 yuan/mt against the 2602 contract, down 20 yuan/mt from the previous trading day.

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