Contract Is About to Roll Over, Spot Aluminum Shows No Signs of Improvement [SMM South China Spot Aluminum Daily Review]

Published: Apr 15, 2026 17:26

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SMM April 15 News:

[SMM] On April 15, SMM A00 aluminum (Foshan) was quoted at 24,640, up 10, at a discount of 165 to the current-month contract and a discount of 250 to the next-month contract, widening by 5 (unit: yuan/mt).

SHFE aluminum 04 contract remained stable today. The spot market in South China continued to show weak performance. Buyer purchasing sentiment remained sluggish overall today, with downstream participants still cautious about high prices and no increase in purchasing enthusiasm. Although destocking signs emerged again today, due to the continued fermentation of the impact of reduced-tax invoices, traders were cautious and took fewer orders with demand falling to a trough, and suppliers were also forced to lower prices to facilitate shipments. Mainstream transaction prices in the market today were concentrated in the range of SHFE aluminum 04 contract premium -185 yuan/mt to SHFE aluminum 04 contract premium -145 yuan/mt.

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.

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