Cashing Out Near the Weekend Cools Spot Aluminum Slightly [SMM South China Spot Aluminum Daily Commentary]

Published: Jun 12, 2026 17:13

Save

SMM June 12 news:

[SMM] On June 12, SMM A00 aluminum (Foshan) was reported at 24,140 yuan/mt, up 150 yuan/mt, with a premium of 20 yuan/mt over the current-month contract and a discount of 85 yuan/mt against the next-month contract (unit: yuan/mt).

Today, futures continued to rise sharply, and pressure on spot aluminum in South China intensified. Inventory destocking remained strong, which would have been a support, but absolute prices and the spot-futures price spread had both cumulatively risen to relatively high levels. As the weekend approached, the urge to sell and cash in intensified again. In the morning, the stance of holding prices firm gradually loosened, with discounts widening. Mainstream quotations returned to a small discount of -10 to 0 yuan/mt, with circulating cargoes mainly at discounts. Demand side, downstream fear of high prices began to emerge, and the momentum of rushing to buy amid continuous price rises weakened, but it had not completely exited, still providing bottom support. Traders, meanwhile, sold more than they bought, only purchasing as needed, with limited replenishment. Overall trading was moderate. Spot aluminum transaction prices were concentrated at premiums of 0 to 40 yuan/mt against the SHFE aluminum 2606 contract.

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 for 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

[Announcement] Bidding Procurement Activity Announcement — CITIC Dicastal Aluminum Ingot Procurement

Common.Time.minsAgo

Common.Time.hoursAgo

China's Secondary Aluminum Alloy Ingot Inventory Drops by 463 MT, Foshan and Ningbo Destocking

[SMM Aluminum Bulletin] China's secondary aluminum alloy ingot inventory in major consumption areas was 25,500 mt today, down 463 mt from the previous day. Foshan and Ningbo continued destocking.

Common.Time.hoursAgo

Hydro Launches New Automotive Aluminum Parts Plant in Taicang, Supplying BMW and Boosting Local Industry

In the China-Europe Advanced Manufacturing Industrial Park in Chengxiang Town, Taicang, Jiangsu, Norway's Hydro Group (Hydro) held a production launch ceremony for its new automotive aluminum parts plant. Hydro Group has consistently focused on the R&D and manufacturing of aluminum extrusions and low-carbon recycling technologies, with its products widely used in the supply chains of high-end automakers such as BMW, Tesla, and Audi. The project has now successfully passed the PPAP review, officially entering the full mass production phase, and in the future, it will stably supply high-end lightweight aluminum structural parts for BMW car models. After reaching full production, the project is expected to generate an annual new output value of 50 million yuan, injecting high-quality foreign-invested capacity into Taicang's automotive parts industry chain.

Common.Time.hoursAgo