Curbed by weak downstream demand, aluminum billets processing fees continued to decline

Today, the prices of SMM A00 aluminum fell by 70 yuan/mt to 18,910 yuan/mt, and Foshan A00 aluminum prices stood at 19,050 yuan/mt, down 70 yuan/mt. The base price of aluminum fell slightly today. Curbed by CNY holiday in the downstream, aluminum billets processing fees continued to decline amid weak demand and sluggish market. Near noon, the processing fee of Φ120Φ178 aluminum billets in south China was around 100 yuan/mt, and the processing fee of Φ90 aluminium billets was 160 yuan/mt, down by 60 yuan/mt.

In east China market, Wuxi market saw muted trades. Near noon, the processing fee for Φ120 aluminum billets was 230 yuan/mt, and the processing fee for Φ90 small aluminum billets was 330 yuan/mt, down by 20 yuan/mt. The market transaction in Nanchang was poor, with the processing fee for Φ120 aluminium billets quoted at 230 yuan/mt and the processing fee for Φ90 aluminium billets at 280 yuan/mt. 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.