1.21: Sparse Trading in the Aluminum Billet Market, Processing Fees Fluctuate Rangebound [Daily Review of Spot Aluminum Billets]

Aluminum Billet Spot Market: According to SMM statistics, domestic aluminum billet inventory stood at 83,100 mt in Guangdong and 45,000 mt in Wuxi, with a total increase of 6,800 mt compared to yesterday. Due to downstream profile enterprises entering holiday mode last week and a significant arrival of goods over the weekend, domestic aluminum billet inventory showed an accelerated growth trend. Currently, influenced by macro sentiment fluctuations, aluminum prices fluctuated upward. Suppliers adopted a passive quoting approach, while buyers mostly remained on the sidelines, leading to sparse market transactions. Processing fees for aluminum billets in the three regions remained rangebound, with a general trend of prices without transactions. Today, processing fees in the South China market were reported at 100–150 yuan/mt, unchanged; in the Wuxi market at 130–180 yuan/mt, unchanged; and in the Nanchang region at 150–200 yuan/mt, down by 50 yuan/mt, reflecting insufficient price support and downward adjustments. (Unit: yuan/mt)