Shanghai Metal Network: Shanghai aluminum remains high, downstream demand for spot purchases persists

K-LinePoet · 2026-03-17T05:15:01+00:00

Today, Shanghai Metals & Logistics A00 aluminum ingot quotation is 24880-24920 yuan/ton, with an average price of 24900 yuan/ton, up 110 yuan from the previous day. Due to tensions in the Middle East, aluminum prices are oscillating at high levels. The Shanghai aluminum main contract rose 25 yuan, spot market trading is moderate, downstream consumption sentiment is limited, and inventory holders are quoting slightly below the average price.

K-LinePoet

2026-03-17 05:15:01

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Today, Shanghai Metal Market spot A00 aluminum ingots are quoted at 24,880-24,920 yuan/ton, with an average price of 24,900 yuan/ton, up 110 yuan/ton from the previous trading day. The 2604 contract is quoted at a premium/discount of 230-190 yuan/ton. The Middle East situation still shows no substantial improvement, and ongoing tensions keep aluminum prices high. By midday, the Shanghai aluminum main contract rose by 25 yuan/ton, a 0.1% increase. Today’s spot market trading was moderate; the upward momentum of Shanghai aluminum has slowed but prices remain firm. Overall downstream consumption sentiment is limited, and during trading hours, there was little willingness for additional purchases beyond immediate needs. Holders of goods quoted the average price on the network at around -10, and East China aluminum ingots for the 04 contract are quoted at around -210. (SHMET)

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