Funds Returned More Quickly, Making It Difficult for Spot Aluminum to Hold Prices Firm [SMM South China Spot Aluminum Daily Review]

Published: Mar 26, 2026 23:13

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SMM News, March 26:

Aluminum ingot: On March 26, SMM A00 aluminum (Foshan) was reported at 23,440, down 270, at a discount of 180 against the current-month contract, widening by 5 (unit: yuan/mt)

SHFE aluminum 04 contract plunged today, while the South China spot market remained in the doldrums, and buyers generally showed average purchasing sentiment today. Sellers continued to hold prices firm, but amid inventory buildup over the weekend and ample circulating supply, their overall ability to hold prices firm was clearly constrained as month-end and quarter-end approached, with shipments and cash recovery accelerating. Mainstream transaction prices in the market today were concentrated at premiums of -190 yuan/mt to -170 yuan/mt against the SHFE aluminum 04 contract.

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