Base Price Soars, Aluminum Bar Processing Fees Plunge Amid Market Weakness and Holiday Cash Demands

Published: Sep 25, 2024 14:37

Save

SMM News on September 25:
Today, the base price surged sharply, and the processing fee of aluminum bars fell significantly. The high mid-session price exacerbated the wait-and-see sentiment of downstream buyers, leading to a notable weakening of spot transactions. The downstream generally suppressed prices and made fewer purchases. Holders of goods had a demand for cash before the holiday, and subsequent processing fee quotes continued to decline, resulting in a sluggish market transaction...

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 hours ago

Lower Costs Coupled With Weaker-Than-Expected Demand Push Secondary Aluminum Prices Down[SMM Analysis]

[SMM Analysis]Lower Costs Coupled With Weaker-Than-Expected Demand Push Secondary Aluminum Prices Down

7 hours ago

SHFE Cast Aluminum Alloy Warrants Drop by 1,390 mt to 39,035 mt on March 26

[SMM Flash News] SHFE data showed that as of March 26, the total registered volume of cast aluminum alloy warrants was 39,035 mt, down 1,390 mt from the previous trading day. By region, the total registered volume was 2,424 mt in Shanghai, down 211 mt from the previous trading day; 16,200 mt in Guangdong, down 486 mt; 3,398 mt in Jiangsu, down 210 mt; 12,142 mt in Zhejiang, down 423 mt; 3,634 mt in Chongqing, down 30 mt; and 1,237 mt in Sichuan, down 30 mt.

7 hours ago

The Q2 2026 MJP premium was $351.5/mt

SMM, March 26: Japan's Q2 2026 aluminum premium (QMJP) was set at $350-353/mt, with an average of $351.5/mt, up 80.27% from Q1.

7 hours ago