Primary aluminium inventories dropped as demand picked up

On September 2, Foshan aluminum billet Φ90 was quoted at RMB 24,360/t, with processing fee at RMB 60/t (down RMB 30 from the previous trading day); Φ120 at RMB 24,310/t, with processing fee at RMB 10/t (down RMB 30); Φ178 at RMB 24,310/t, with processing fee at RMB 10/t (down RMB 30). SMM A00 aluminum spot (Foshan) stood at RMB 24,300/t. On September 2, Wuxi aluminum billet Φ90 was quoted at RMB 24,410/t, with processing fee at RMB 330/t (up RMB 10 from the previous trading day); Φ120 at RMB 24,320/t, with processing fee at RMB 240/t (up RMB 10); Φ178 at RMB 24,310/t, with processing fee at RMB 230/t (up RMB 10). SMM A00 aluminum spot stood at RMB 24,080/t. On September 2, Nanchang aluminum billet Φ90 was quoted at RMB 24,250/t, with processing fee at RMB 170/t (flat from the previous trading day); Φ120 at RMB 24,200/t, with processing fee at RMB 120/t (flat); Φ178 at RMB 24,200/t, with processing fee at RMB 120/t (flat). SMM A00 aluminum spot stood at RMB 24,080/t.

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