May 9: SHFE aluminum fluctuated rangebound, with no significant changes in processing fees and mediocre performance in trading volume [Daily Review of Spot Aluminum Billet]

Published: May 9, 2025 12:30

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According to SMM statistics, in terms of domestic aluminum billet inventory in two regions, the inventory of aluminum billet in Guangdong was 80,100 mt, and the inventory of aluminum billet in Wuxi was 18,700 mt, totaling 98,800 mt, down 4,200 mt MoM. Today, aluminum prices operated steadily, with processing fees continuing to stand firm on quotes and being released slowly in the morning session. However, as the weekend approached, some suppliers lowered their quotes to realize cash, leading to an increase in the circulation of lower-priced goods. Downstream demand was moderate, and overall transactions were average. Today, the quotes for aluminum billet processing fees in Foshan market were 430/480 yuan/mt, unchanged; the quotes in Wuxi market were 480/560 yuan/mt, up 30 yuan/mt; and the quotes in Nanchang region were 500/550 yuan/mt, unchanged. (Unit: yuan/mt)

SMM News on May 9:

On May 9, SMM A00 aluminum was quoted at 19,610 yuan/mt, down 10 yuan/mt from the previous trading day, at parity with the May 2025 contract, and up 10 yuan/mt from the previous trading day. On May 9, SMM A00 aluminum was quoted at 19,610 yuan/mt, down 10 yuan/mt from the previous trading day, at parity with the May 2025 contract, and up 10 yuan/mt from the previous trading day. (Unit: yuan/mt)

According to SMM statistics, in terms of domestic aluminum billet inventory in two regions, the inventory of aluminum billet in Guangdong was 80,100 mt, and that in Wuxi was 18,700 mt, totaling 98,800 mt, a decrease of 4,200 mt MoM. Today, aluminum prices operated steadily. In the morning session, processing fees continued to stand firm on quotes with slow sales. However, as the weekend approached, some suppliers lowered their quotes to realize cash, leading to an increase in the circulation of lower-priced goods. Downstream demand was moderate, and overall transactions were average.Today, the aluminum billet market in Foshan was quoted at 430/480 yuan/mt, unchanged; the processing fee in the Wuxi market was quoted at 480/560 yuan/mt, up 30 yuan/mt; and the processing fee in the Nanchang area was quoted at 500/550 yuan/mt, unchanged. (Unit: yuan/mt)

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