Shanghai Metal Market: Shanghai Aluminum Range Rises, Spot Trading Has Not Yet Recovered

K-LinePoet · 2026-02-27T19:59:12+00:00

Today, the Shanghai Metal Market A00 aluminum ingot spot price rose to 23,370-23,410 yuan/ton. During the Spring Festival, London aluminum fluctuated and increased, while Shanghai aluminum opened higher and continued to move, with the main contract up by 250 yuan. After the holiday, downstream replenishment was relatively low, overall trading was average, and aluminum prices slightly increased.

K-LinePoet

2026-02-27 19:59:12

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Today, Shanghai Metal Market spot A00 aluminum ingots are quoted at 23,370-23,410 yuan/ton, with an average price of 23,390 yuan/ton, up 230 yuan/ton from the previous trading day. The spread for the 2602 contract is around 180-140 yuan/ton. During the Spring Festival, London aluminum prices fluctuated within a range and moved higher. This morning, Shanghai aluminum opened higher and then fluctuated. By midday, the main contract rose by 250 yuan/ton, a 0.73% increase. On the first day after the holiday, market sentiment has not fully recovered, downstream restocking is limited, and overall trading by holders is moderate. Aluminum prices have slightly increased, but spot transactions are weak, and the discount on the futures market has widened. In the market, East China aluminum ingots are trading around -160. (SHMET)

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