Aluminum prices rebounded while processing fees declined amid moderate market transactions [Daily Review of Spot Aluminum Billets]

Today, the price of SMM A00 aluminum increased by 110 yuan/ton compared with the previous working day, at 19,050 yuan/ton, and Foshan A00 aluminum reported at 19,040 yuan/ton, increased by 100 yuan/ton compared with the previous working day. Today, the aluminum price rebounded to above 19,000 yuan/mt. The holders lowered the processing fee for aluminum billets shipments. Some specifications of aluminum billets in east China are insufficient, the processing fee was relatively strong, and the overall market transaction was moderate.

Near noon, the transaction price of Φ120Φ178 aluminum billets processing fee in south China was around 260 yuan/ton, and the processing fee of Φ90 billets was 320 yuan/ton, which was 40 yuan/ton lower than the previous working day. In the east China market, the transactions in the Wuxi were acceptable. There is a shortage of aluminum billets of some specifications, and the processing fee is relatively strong. Near noon, the processing fee for Φ120 aluminum billets is 300 yuan/ton, and the processing fee for Φ90 small billets is 350 yuan/ton, down by 50 yuan/ton. Shipment in Nanchang improved slightly, with processing fees for Φ120 billets quoted at 220 yuan/ton and Φ90 billets at 290 yuan/ton. The average processing fee price in Linyi, Shandong Province this week increased by 30 yuan/ton compared with last week, and the average weekly price of Φ120 aluminum rods was around 340 yuan/ton.