Aluminum Prices Soared on Monday, While Spot Aluminum Remained in the Doldrums [SMM South China Spot Aluminum Daily Review]

Published: Mar 30, 2026 11:59

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SMM News, March 30:

Aluminum ingot: On March 30, SMM A00 aluminum (Foshan) was reported at 24,430, up 710, at a discount of 185 against the current-month contract, widening by 10 (unit: yuan/mt)

The SHFE aluminum 04 contract surged sharply today, while the South China spot market still remained in the doldrums. At the start of the new week, overall buyer procurement sentiment weakened today, and downstream players appeared somewhat wary of high prices, with insufficient willingness to rush to buy amid continuous price rise. High absolute prices prompted sellers to lower prices for profit-taking shipments, and although some hedging cargo holders still held prices firm and shipped slowly, overall support for prices was limited under the drag of inventory buildup. Today, mainstream transaction prices in the market were concentrated at premiums of -195 yuan/mt to -175 yuan/mt against the SHFE aluminum 04 contract.

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