LME Aluminum to Move in a Tight Range (2016-11-28)

[SMM Flash News] SHFE data showed that on March 10, the total registered volume of cast aluminum alloy warrants was 57,044 mt, down 1,055 mt from the previous trading day. Among them, the total registered volume in Shanghai was 5,260 mt, down 149 mt from the previous trading day; Guangdong was 19,452 mt, down 361 mt; Jiangsu was 7,207 mt, down 212 mt; Zhejiang was 19,084 mt, down 333 mt; Chongqing was 4,234 mt, up 0 mt; and Sichuan was 1,807 mt, up 0 mt.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 10 Mar , 2026

[SMM Aluminum Alloy Daily Review] Futures, the aluminum alloy 2604 contract bottomed out intraday and then rebounded. After opening lower in the morning session, it quickly dipped to 23,295 yuan/mt before fluctuating upward. In the afternoon, bulls stepped up, and prices rose steadily, pulling back slightly toward the close to end at 23,680 yuan/mt, up 0.04%. Spot cargo, secondary aluminum alloy enterprises generally revised their quotes downward, with most cuts in the 100–300 yuan/mt range. During the week, volatility intensifies in futures and downstream wait-and-see sentiment strengthened, prompting some enterprises to slightly lower quotes to control order-taking risks. Meanwhile, tight supply of aluminum scrap raw materials and elevated procurement costs provided strong support for pr