Processing fees failed to find support amid growing aluminium prices, and downstream purchases in the dip

Today, the price of SMM A00 aluminum prices increased by 110 yuan/ton compared with the previous working day, at 18,810 yuan/ton, and Foshan A00 aluminum reported at 18,870 yuan/ton, increased by 80 yuan/ton compared with the previous working day. The base price of aluminum rose, the holders lowered the processing fee, and the market bought in the dip. Near noon, the transaction price of Φ120Φ178 aluminum billets processing fee in south China was concentrated around 250 yuan/ton, and the processing fee of Φ90 billets was 320 yuan/ton, down 10 yuan/ton compared with the previous working day. In the east China market, the transaction in the Wuxi market was lower than yesterday. Near noon, the processing fee for Φ120 aluminum billets was 310 yuan/ton, and the processing fee for Φ90 small billets was 380 yuan/ton, a decrease of 50 yuan/ton compared with the previous working day. Outflow from warehouses in Nanchang are moderate, with processing fees of 270 yuan/ton for Φ120 billets and 350 yuan/ton for Φ90 billets. The average processing fee in Linyi, Shandong Province this week fell by 20 yuan/ton WoW, and the average weekly price of Φ120 aluminum billets was around 310 yuan/ton.