East China spot aluminium discounts slightly widen on supply overhang

Published: Sep 25, 2018 13:51

Save

Most transactions in Shanghai were heard at 14,540-14,550 yuan/mt with discounts of 50-30 yuan/mt

SHANGHAI, Sep 25 (SMM) – Aluminium spot discounts in east China slightly widened on the first trading day after the Mid-Autumn Festival as the market was oversupplied amid sellers’ keenness to offload cargoes, SMM learned.

Buyers, however, took a wait-and-watch stance. This exacerbated the supply overhang across the market.

The SHFE aluminium contract for October delivery fell in the morning trading hours.

Most transactions in Shanghai were heard at 14,540-14,550 yuan/mt with discounts of 50-30 yuan/mt against the SHFE October contract. This compared to discounts of 30-20 yuan/mt seen on Friday, the last trading day before the public holiday. Transactions were mostly heard at 14,540-14,550 yuan/mt in Wuxi and 14,550-14,570 yuan/mt in Hangzhou.

Supply was also quite sufficient in the south as sellers there were keen to let their cargoes go, while downstream consumers have yet to begin to stockpile for the week-long Nation Day holiday, starting from October 1. Overall trading in the southern market was thin.

Most transactions in Guangdong were heard at 14,650-14,670 yuan/mt with Guangdong-Shanghai spread at 120 yuan/mt.

Market commentary Aluminium

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

15 hours ago

Indonesia Revokes Illegal Mining Permits in Protected Forests, Orders Swift Action

[SMM Aluminum Express News] President Prabowo Subianto has ordered Energy and Mineral Resources Minister Bahlil Lahadalia to immediately revoke all illegal mining permits (IUP). The directive was given during a Cabinet Working Meeting at the State Palace on Wednesday, April 8, 2026. Prabowo instructed Bahlil to act swiftly on reports of hundreds of unclear or illegal mining permits operating inside protected forests. He also asked Forestry Minister Raja Juli Anthoni about the current condition of protected forests and emphasized the need for immediate action on illegal IUPs found in the field.

15 hours ago

SHFE Cast Aluminum Alloy Warrants Down by 121 mt on April 8

[SMM Update] SHFE data showed that on April 8, the total registered cast aluminum alloy warrants stood at 31,062 mt, a decrease of 121 mt from the previous trading day. Specifically, the total registered volume in Shanghai was 1,912 mt (unchanged), Guangdong 12,358 mt (unchanged), Jiangsu 3,541 mt (down 61 mt), Zhejiang 8,411 mt (down 60 mt), Chongqing 3,634 mt (unchanged), and Sichuan 1,206 mt (unchanged).

15 hours ago

16 hours ago

Auto Parts Imports Drop 5.4% YoY to $1.47B in Feb, CAAM Reports

[CAAM: Import Value of Auto Parts Reached $1.47 Billion in February, Down 5.4% YoY] According to data from the General Administration of Customs compiled by CAAM, in February 2026, the import value of auto parts reached $1.47 billion, down 20.8% MoM and 5.4% YoY. From January to February 2026, the import value of auto parts was $3.32 billion, up 7.1% YoY.

16 hours ago