Limited Boost from Futures Market's High Opening, Trading in South China Aluminum Market Remains Sluggish [SMM South China Spot Aluminum Daily Review]

Published: Feb 24, 2026 13:11

Save

SMM February 24 news:

Aluminum ingot: On February 24, SMM A00 aluminum (Foshan) was quoted at 23,470 yuan/mt, up 260 yuan/mt, at a discount of 55 yuan against the front-month contract. Prices rose on the first day after the holiday, with suppliers holding back sales to hold prices firm. However, as the market was still in the early stages of resuming operations, downstream users and traders showed weak restocking interest. Spot follow-up was insufficient, with few high-priced deals accepted, and overall transactions were sluggish.

Aluminum billet: On February 24, the average processing fees for SMM 6063 aluminum billets (Guangdong) were 180 yuan/mt for Φ90/100 specifications and 130 yuan/mt for Φ120 and above. Processing fees remained high. Downstream operations had not fully resumed, and purchasing was mainly characterized by pushing for lower prices through inquiries. Manufacturers offered small concessions, but market activity was sluggish.

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

42 mins ago

Data: SHFE, DCE market movement (Apr 02)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Apr , 2026

42 mins ago

49 mins ago

Assan Alüminyum Acquires US Foil Facility, Expanding Global Presence and Local Production

[SMM Aluminum Express News] Assan Alüminyum has acquired an aluminum foil facility in West Virginia through Kibar Americas, marking its entry as a local producer in the United States. The move strengthens its global footprint and competitiveness, aligning with its strategy focused on sustainability, digitalization, and international expansion. Strategically, the investment reflects a shift toward localized production amid changing global trade dynamics, while enhancing its ability to serve North American customers. The facility will produce foil for automotive, HVAC, packaging, and industrial applications, supporting expansion into key end-use markets.

49 mins ago

1 hour ago

Chery Sets New Record with 148,777 Vehicles Exported in March, Up 72% YoY

[Chery Group Exported Nearly 150,000 Vehicles in March] On April 2, Chery Group announced that, after becoming the first Chinese-branded automaker to surpass 6 million in cumulative exports in February, it exported 148,777 vehicles in March, up 72% YoY, setting a new record for monthly automobile exports from China; cumulative exports in Q1 reached 393,311 vehicles, up 53.9% YoY. As of then, Chery had exceeded 100,000 vehicle exports in a single month for 11 consecutive months.

1 hour ago