Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Eastern spot aluminium buyers remain quiet even as spot discounts widen
Spot discounts in Shanghai were heard at 60-50 yuan/mt against the Dec contract, compared to 40-30 yuan/mt in the previous day
SHANGHAI, Nov 29 (SMM) – Across east-China markets, spot aluminium downstream buyers remained quiet on Thursday morning and sellers continued to be keen to offload their cargoes, SMM research found.
The SHFE 1812 contract fell in morning trade. Spot discounts in Shanghai were heard at 60-50 yuan/mt against the December contract, compared to 40-30 yuan/mt in the previous day. Most transactions were done at 13,560-13,570 yuan/mt in Shanghai and Wuxi and 13,590-13,610 yuan/mt in Hangzhou, and the prices were some 60 yuan/mt lower than the prior day.
Most transactions in Guangdong were done at 13,630-13,650 yuan/mt with Guangdong-Shanghai spread widened to 70 yuan/mt.
Offloading willingness across sellers in Guangdong improved while downstream consumers continued to purchase on demand. The Aluminum Corporation of China Limited (Chalco) also made purchases today.
Market commentary
Aluminium
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
China weekly inventory summary and data wrap (Jul 9)
This is a roundup of China's metals weekly inventory as of July 9.
Jul 9, 2021 20:00
SMM Evening Comments (Sep 12)
SHFE nonferrous metals, except for lead, closed higher on US-China trade thaw
Sep 12, 2019 18:39
Demand dwindles in Shanghai spot zinc market
Trades thinned on Wednesday Aug 22 as demand weakened after transactions from most long-term contracts ended
Aug 22, 2018 14:58
Linyi requires secondary aluminium producers to suspend, cut production
Producers will suspend or cut production for about three weeks from Aug 20
Aug 22, 2018 12:21
POSCO manganese purchasing price fall in Sept tender
Purchasing price for its Sept tender settled at $2,509/mt cfr over the weekend, down some 11% from Aug
Aug 20, 2018 15:02
SMM Morning Comments (Aug 20)
SMM Morning Comments
Aug 20, 2018 09:34
SMM Events & Webinars
All- Sep15
NET ZERO CHINA Field Trip
Sep 15 - 19,2025中国
- Sep26
2025 ASIA BATTERY MATERIAL COOPERATION SALON
Sep 26 - 26,2025Time：9.26 2025 Place：Seoul， South KoreaSeoul， South Korea
- Oct14
SMM LME Metals Seminar 2025
Oct 14 - 14,2025Emmanuel Centre，London , the United Kingdom
MOST POPULAR
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
