Aluminum prices spiked, causing processing fees to move down

Today, the price of SMM A00 aluminum increased by 230 yuan/mt to 18,980 yuan/mt, and Foshan A00 aluminum prices stood at 19,120 yuan/mt, up by 240 yuan/mt. The base price of aluminum skiped today, causing aluminum billets processing fees in various places to move down to boost shipments. However, downstream companies remain cautious about entering the market, which coupled with the upcoming CNY holidays among extruders, undermining market transactions. Near noon, the transaction price of Φ120Φ178 aluminum billets processing fee in south China was around 150 yuan/mt, and the processing fee of Φ90 rod was 220 yuan/mt, down by 80 yuan/mt.

In east China market, Wuxi market was sluggish. Near noon, the processing fee for Φ120 aluminum billets was 250 yuan/mt, and the processing fee for Φ90 small aluminium billets was 350 yuan/mt, down by 70 yuan/mt. The market transaction in Nanchang is subdued, with processing fees of 250 yuan/mt for Φ120 alluminium billets and 300 yuan/mt for Φ90 alluminium billets. The average processing fee in Linyi, Shandong Province this week increased by 20 yuan/mt WoW, and the average weekly price of Φ120 aluminum billets was around 290 yuan/mt.