SHFE Aluminium Fell after Surging, Spot Premiums of Aluminium Ingot Stabilising in East China Market

Published: May 30, 2022 15:46
Source: SMM
SHFE aluminium 2207 contract rushed high to 20,800 yuan/mt, but then fell to 20,700 yuan/mt in the early trading.

SHANGHAI, May 30 (SMM) - SHFE aluminium 2207 contract rushed high to 20,800 yuan/mt, but then fell to 20,700 yuan/mt in the early trading.

In the spot market, spot prices were stable in east China today at flat. In central China(Gongyi) area, spot premiums of aluminium ingot stood at 10 yuan/mt over quotations of SMMA00 aluminium ingot. Spot premiums and discounts remained stable. However, market transactions were modest today, and traders were not active in restocking as the Dragon Boat Festival holiday approaches and they mostly purchased on rigid demand. Today, according to SMM data, the total inventory of aluminium fell to 923,000 mt, down 14,000 mt from May 26.

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
【SMM Aluminum Flash News】China Aluminum Cans: Net Profit Up 3.59% in 2025
3 mins ago
【SMM Aluminum Flash News】China Aluminum Cans: Net Profit Up 3.59% in 2025
Read More
【SMM Aluminum Flash News】China Aluminum Cans: Net Profit Up 3.59% in 2025
【SMM Aluminum Flash News】China Aluminum Cans: Net Profit Up 3.59% in 2025
China Aluminum Cans released its 2025 annual report on March 16. During the reporting period, the company achieved operating revenue of HK$233 million, a year-on-year increase of 2.27%; net profit attributable to shareholders was HK$19.027 million, a year-on-year increase of 3.59%.
3 mins ago
【SMM Aluminum Flash News】Dongxing Aluminum Breaks Ground on 200,000-Ton High-End Aluminum Rod Project
6 mins ago
【SMM Aluminum Flash News】Dongxing Aluminum Breaks Ground on 200,000-Ton High-End Aluminum Rod Project
Read More
【SMM Aluminum Flash News】Dongxing Aluminum Breaks Ground on 200,000-Ton High-End Aluminum Rod Project
【SMM Aluminum Flash News】Dongxing Aluminum Breaks Ground on 200,000-Ton High-End Aluminum Rod Project
On March 16th, Dongxing Aluminum held a groundbreaking ceremony for the first phase of its high-end electrical round aluminum rod continuous casting and rolling project. The project has a planned total capacity of 200,000 tons per year and will be constructed in two phases. The first phase, with a capacity of 100,000 tons per year, is scheduled for completion by the end of December this year. Guided by the principles of "intelligentization, greening, and integration," the project leverages the company's existing high-quality electrolytic aluminum resources to produce L3 and above series of high-strength, high-conductivity aluminum alloy guide rods, with high-end products accounting for over 50%.
6 mins ago
Futures Prices Opened Lower and Moved Higher, with Strong Bullish Market Sentiment [SMM Spot Aluminum Midday Commentary]
6 mins ago
Futures Prices Opened Lower and Moved Higher, with Strong Bullish Market Sentiment [SMM Spot Aluminum Midday Commentary]
Read More
Futures Prices Opened Lower and Moved Higher, with Strong Bullish Market Sentiment [SMM Spot Aluminum Midday Commentary]
Futures Prices Opened Lower and Moved Higher, with Strong Bullish Market Sentiment [SMM Spot Aluminum Midday Commentary]
6 mins ago
SHFE Aluminium Fell after Surging, Spot Premiums of Aluminium Ingot Stabilising in East China Market - Shanghai Metals Market (SMM)