[SMM Flash News]SHFE Aluminum Plummets 8.26% on Feb 2, 2026; Precious Metals and Macro Factors Drive Decline

Published: Feb 2, 2026 14:22

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On February 2, 2026, the SHFE aluminum market experienced significant anomalies. As of 14:00 that day, the price of the most-traded SHFE aluminum contract rapidly declined, with the drop widening to approximately 8.26%, settling at 23,225 yuan/mt. Intraday volatility significantly intensified, and market panic sentiment heated up. Influenced by the decline in precious metals and weakening expectations for macro interest rate cuts, coupled with a 1% single-day rise in the US dollar index, nonferrous metals collectively plummeted.

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