[update] June 13 SMM spot aluminum price

Shanghai Metals Market (SMM) is thrilled to announce that the 2026 (3rd) Global Renewable Metal Industry Summit will be held in Tokyo, Japan, on May 11-12, 2026, to promote industry exchange and cooperation against the backdrop of the global push for sustainable development and resource recycling.

[SMM Aluminum Morning Meeting Minutes: Macro Tug-of-War Between Longs and Shorts, Aluminum Prices Fluctuate Considerably at High Levels] Overall, the current SHFE aluminum price has experienced a short-term sharp rise driven by events and capital, with market trading sentiment in a phase of excitement. Subsequently, caution is needed against the risk of sentiment cooling and market correction triggered by multiple factors.

[SMM Cast Aluminum Alloy Morning Comment: Aluminum Prices Correct Sharply, Alloy Enterprises' Sentiment to Hold Prices Firm Weakens] Spot market, aluminum prices corrected significantly last Friday, with A00 aluminum down 200 yuan/mt to 24,660 yuan/mt and SMM ADC12 also down 200 yuan/mt to 24,350 yuan/mt. Some producers attempted to hold prices firm in the morning, limiting the decline in offers; however, as futures continued to fall, the sentiment to hold prices firm dissipated, and the market entered a broad decline. On transactions, downstream restocking willingness remained weak, with only just-in-time procurement maintained, while the widening spot-futures price spread spurred some improvement in trader activity. Approaching Chinese New Year, downstream demand is contracting, and fundamental support is limited, but with high aluminum scrap costs and phased supply tightening, downside room for prices is constrained. Secondary aluminum alloy prices are expected to hover at highs in the near term.