Spot aluminium trades weaken after prices decline

Published: May 28, 2019 13:57

Save

Traded prices in Shanghai declined about 50 yuan/mt from Monday morning

SHANGHAI, May 28 (SMM) – Spot aluminium trades across east and south China weakened from Monday morning, on the morning of Tuesday May 28 as buyers stood on the sidelines after prices declined.

Trades in Shanghai occurred at 14,280-14,300 yuan/mt, before following prices of futures lower to 14,270-14,290 yuan/mt. This was down about 50 yuan/mt from Monday morning, and narrowed the premium over the front-month June contract on the Shanghai Futures Exchange to 10-20 yuan/mt, from 20-30 yuan/mt in the previous day.

Spot deals occurred at 14,270-14,290 yuan/mt in Wuxi and 14,310-14,330 yuan/mt in Hangzhou this morning.

Spot aluminium traded at 14,370-14,390 yuan/mt in Guangdong this morning, with the spread with Shanghai prices at 100 yuan/mt.

As the month of May draws to a close, cargoes with next-month invoices accounted for the majority of trades.

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 for 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

17 mins ago

Ex-China ADC12 Prices Drop, Inversion with China Narrows but Import Window Remains Closed

[SMM Aluminum Flash] Currently, ex-China ADC12 quotes have pulled back to $3,350-3,410/mt, while China's prices have strengthened, easing the inverted spread between domestic and overseas markets. The immediate loss per mt has narrowed from over 3,000 yuan to around 2,500 yuan, but the inversion magnitude remains large, and the import window is still closed. It is expected that ex-China ADC12 prices still have downside room in the near term, while China's prices will continue to hold up well. The inversion is likely to narrow further, but there is still a significant gap before the import window reopens.

17 mins ago

31 mins ago

Hongjin Develops High-Strength Aluminum Alloy for Next-Gen Robots, Mass Production Begins Q2 2026

[SMM Aluminum Express] According to Hongjin New Materials, the Hongjin New Materials Nantong Research Institute and a leading China-based embodied robot enterprise jointly tackled key problems for nearly six months, successfully developing a specialized high-strength and high-toughness aluminum alloy structural component. It has been mass-produced and applied in the latest-generation flagship robot. The material achieves a combination of light weight, high strength, and high toughness, with bulk properties reaching UTS ≥380 MPa, YTS ≥300 MPa, A ≥8%, and fatigue strength ≥120 MPa. Used for critical load-bearing components such as joint brackets, mass production commenced in Q2 2026, pioneering a new model of "deep integration between material R&D and end-use applications."

31 mins ago

1 hour ago

[Announcement] Bidding Procurement Activity Announcement — CITIC Dicastal Aluminum Ingot Procurement

1 hour ago