Aluminum Alloy Prices Fall 2.08%, Market Trading Sentiment Recovers Amid Dip Buying

Published: Mar 20, 2026 15:16

Save

[SMM Aluminum Alloy Daily Review] Futures: Today, aluminum alloy 2604 fluctuated upward after opening, hitting an intraday high of 23,160 yuan/mt before noon. Momentum from the bulls then faded, and prices pulled back step by step. In the afternoon, losses widened, with the low dipping to 22,180 yuan/mt. The decline narrowed slightly late in the session, and it finally closed at 22,810 yuan/mt, down 485 yuan/mt from the previous trading day, a drop of 2.08%. Spot: Market quotes generally moved lower today, with the SMM ADC12 price down 300 yuan/mt. Driven by the price pullback and weekend restocking demand, market trading sentiment recovered somewhat from the previous period, and downstream purchase willingness to buy the dip increased, supporting improved transactions at some enterprises.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

SMM: Domestic Port Bauxite Inventory Rises by 0.97M MT in Week

【SMM Port Inventory of Imported Bauxite】According to SMM's statistics on March 20, the total bauxite inventory at ten domestic ports increased by 0.97 million mt from the previous week.

Common.Time.minsAgo

Regional Aluminum Premiums Surge May Impact China's Primary Aluminum Net Imports

Common.Time.minsAgo

30,000 mt Alumina Traded at $310/mt FOB Eastern Australia for May 2026 Shipment

Alumina Transaction: On March 19, 2026, 30,000 mt of alumina was transacted at a transaction price of $310/mt FOB Eastern Australia, for May shipment.

Common.Time.minsAgo