Prices fluctuated in the morning session, with reduced spot aluminum arrivals stimulating a narrowing of the discount. [SMM Spot Aluminum Midday Review]

Published: Mar 26, 2025 14:49 (GMT+8)

Save

SMM Spot Aluminum Midday Review: Prices Fluctuated in the Morning, Reduced Aluminum Spot Arrivals Stimulated Narrowing Discounts. Inventory side, according to SMM's domestic aluminum ingot social inventory in three regions, the inventory of mainstream consumption areas for aluminum ingots on March 26 was 682,500 mt, down 8,200 mt from the previous day. In the short term, the peak season background combined with the continued growth trend of aluminum use in new energy is expected to maintain the destocking trend of social inventory. Additionally, with fewer arrivals in mainstream consumption areas such as Wuxi, the premiums and discounts in the spot market may narrow.

SMM March 26 News

SHFE aluminum opened higher this morning but then fluctuated and dropped back slightly. The spot market was stimulated by continued destocking, coupled with insufficient arrivals, leading suppliers to stand firm on quotes and narrowing spot discounts. Downstream purchasing was generally as needed, with some manufacturers in east China stockpiling more.

Specifically, traders in east China stood firm on quotes, with the market offering SMM A00 at +10 yuan/mt, and some at +20 yuan/mt. Today, SMM A00 was at a discount of 10 yuan/mt against the SHFE aluminum 2504 contract, with SMM A00 aluminum ingot prices recorded at 20,670 yuan/mt, up 10 yuan/mt from the previous trading day. In central China, the market turned quiet due to a rebound in futures, with transactions near parity. SMM central China A00 was recorded at 20,570 yuan/mt against the SHFE aluminum 2504 contract, flat from the previous trading day, with the Henan-Shanghai price spread at -100 yuan/mt.

Inventory-wise, according to SMM's domestic aluminum ingot social inventory in three regions, mainstream consumption areas recorded 682,500 mt of aluminum ingot inventory on March 26, destocking 8,200 mt WoW. In the short term, against the backdrop of the peak season and the growing trend of aluminum use in new energy, social inventory is expected to continue destocking, with fewer arrivals in mainstream consumption areas such as Wuxi, likely narrowing premiums and discounts in the spot market.

Data source: SMM

》Order to view SMM metal spot historical prices

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

12 hours ago

China's Aluminum Extrusion Exports Rise 9.7% YoY in August 2026, Top Markets Include Malaysia and Vietnam

According to customs data, China's aluminum extrusion exports totaled 92,500 mt in August 2026, up 3.0% MoM and up 9.7% YoY. Cumulative exports from January to August 2026 reached 629,600 mt, up 8.7% YoY. By destination, the top five markets were Malaysia (7,900 mt), Vietnam (6,700 mt), Israel (6,300 mt), Nigeria (4,200 mt), and the Philippines (3,900 mt). (Statistics cover HS codes: 76041010, 76041090, 76042100, 76042910, 76042990)

12 hours ago

14 hours ago

SHFE Aluminum Futures Warrants Down 13.11% in a Week, 35.04% in a Month

[SMM Aluminum Flash] On September 21, SHFE aluminum futures warrants stood at 178,127 mt, down 6,275 mt from the previous trading day. Over the past week, SHFE aluminum futures warrants decreased by 26,873 mt, a decline of 13.11%. Over the past month, SHFE aluminum futures warrants decreased by 96,074 mt, a decline of 35.04%.

14 hours ago

LME Aluminum Inventory Drops 0.16% to 242,200 mt on September 21

[SMM Aluminum Flash] On September 21, LME aluminum inventory stood at 242,200 mt, down 400 mt from the previous day, a decrease of 0.16%. Over the past week, LME aluminum inventory decreased by 1,650.00 mt, a decline of 0.68%. Over the past month, LME aluminum inventory decreased by 4,725.00 mt, a decline of 1.91%.

14 hours ago