Primary aluminium inventories extended gains by 103,000 mt on week

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