Sharp Rise Near the Weekend, Spot Aluminum Remained Firm [SMM South China Spot Aluminum Daily Review]

Published: Mar 27, 2026 14:15

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SMM News, March 27:

Aluminum ingot: On March 27, SMM A00 aluminum (Foshan) was reported at 23,720, up 280, at a discount of 175 against the current-month contract, narrowing by 5 (unit: yuan/mt)

SHFE aluminum 04 contract surged today, and the South China spot market remained firm. As the weekend approached, overall buyer procurement sentiment improved today. Sellers took the opportunity to hold prices firm, and the inventory buildup tightened the circulation of available cargo somewhat. Overall, price support was notable, with mainstream transaction prices in the market today concentrated at premiums of -180 yuan/mt to -170 yuan/mt against the SHFE aluminum 04 contract.

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