Aluminum prices rose slightly while processing fees weakened, aluminum billets began to destock slightly after the holidays [Daily Review of Spot Aluminum Billets]

Published: Feb 29, 2024 16:05

Source: SMM

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SHANGHAI, Feb 29 (SMM) –Today, the price of SMM A00 aluminum increased by 70 yuan/ton compared with the previous working day, at 18,860 yuan/ton, and Foshan A00 aluminum reported at 18,880 yuan/ton, increased by 50 yuan/ton compared with the previous working day. Aluminum prices rebounded slightly today, aluminum billets processing fees weakened but to a limited extent, transactions in the east China market improved slightly, and the south China market purchased at low prices.

Near noon, the transaction price of Φ120Φ178 aluminum billets processing fee in south China was concentrated around 240 yuan/ton, and that of Φ90 billets was 310 yuan/ton, a decrease of 20 yuan/ton compared with the previous working day. In the east China market, the market transactions in Wuxi have improved slightly. Near noon, the processing fee for Φ120 aluminum billets was 270 yuan/ton, and the processing fee for Φ90 small billets was 360 yuan/ton, a decrease of 20 yuan/ton compared with the previous working day. Shipment transactions in Nanchang area are average, with processing fees of 250 yuan/ton for Φ120 billets and 330 yuan/ton for Φ90 billets. The average processing fee price in Linyi, Shandong Province this week fell by 20 yuan/ton compared with last week, and the average weekly price of Φ120 aluminum billets was around 310 yuan/ton.

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