However, the price spread between the current-month and next-month SHFE aluminium contracts fluctuated between C10 and B10 during the morning session. Traders mainly stood firm on quotes, leaving limited room for spot premiums to decline. The SMM A00 spot price was at a discount of RMB 50 per tonne to the SHFE aluminium 2502 contract, down RMB 10 per tonne from the previous trading day. SMM A00 aluminium ingot prices were recorded at RMB 20,540 per tonne, down RMB 60 per tonne from the previous trading day.
In the central China market, absolute price levels similarly impacted transactions, with downstream buyers mostly engaging in rigid demand-driven purchases. Recently, as aluminium prices reached high levels, end-user enterprises showed reduced consumption capacity, and shipments from downstream aluminium processing enterprises declined significantly.
Consequently, under the pace of resumption of work and production, the turnover days of raw material inventories at aluminium processing enterprises showed no growth. The SMM central China A00 price was recorded at RMB 20,410 per tonne, a decrease of RMB 70 per tonne from the previous trading day, with actual market transactions at SMM central China minus RMB 10 per tonne.
