Aluminum Prices Fell, Coupled With Friday Stockpiling, Trading Sentiment Improved [SMM Spot Aluminum Midday Commentary]

Published: Aug 14, 2026 16:04

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SMM News on August 14:

In the morning session, the SHFE aluminum 2608 contract continued to trade at elevated levels. Prices above 24,000 yuan/mt somewhat suppressed downstream purchases, while transactions among traders were relatively active. Today, the main trading center for spot premiums of SHFE aluminum was between 8-40 yuan/mt and 08-20 yuan/mt. The shipments sentiment index in the east China market was 3.09, down 0.04 MoM; the buying sentiment index was 2.97, up 0.04 MoM.

As aluminum prices declined consecutively and it coincided with the Friday stockpiling cycle, downstream processing enterprises in the central China market saw their buying sentiment post a slight correction compared with the previous period. However, the overall market trading atmosphere remained sluggish, suppliers showed weak willingness to hold prices firm, and offers continued to trend lower. Ultimately, the actual transaction price range in the central China market hovered at a discount of 80-110 yuan/mt against the SHFE aluminum 09 contract. The shipments sentiment index in the central China market was 3.11, up 0.02 MoM; the buying sentiment index was 2.86, up 0.01 MoM.

Inventory side, today aluminum ingot inventory in major consumption areas fell 0.95 MoM, with all three regions showing a destocking trend.

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