Aluminium premiums in east China continue to narrow, with market focused on cargo shipments
Views : 127
Update time : 2025-06-06 16:21:04
Today, SHFE aluminium futures fluctuated in the morning session. The impact of yesterday's Sino-US tariff developments was not evident in the futures market. The fundamental factors were mixed, leading to overall market volatility.
In terms of spot market performance, the spot market in east China weakened, with market participants focusing on selling. High premiums continued to pull back. Early in the morning, transactions were concluded at a discount of RMB 10 per tonne to the SMM average price, and later, most transactions were also concluded at this level. Today, SMM A00 aluminium ingot prices were reported at RMB 20,230 per tonne, down RMB 20 per tonne from the previous trading day, with a premium of RMB 80 per tonne against the June contract, narrowing by RMB 10 per tonne from the previous trading day.
