2.6: Aluminum Billet Inventory Has Approached Last Year's Peak, With Processing Fees Remaining Weak After the Holiday [Daily Review of Spot Aluminum Billets]

On February 6, SMM A00 aluminum was quoted at 20,230 yuan/mt, up 90 yuan/mt, with a discount of 40 yuan/mt against the February contract, unchanged. The price spread between Henan and Shanghai was -130 yuan/mt, unchanged. SMM central China closed at 20,100 yuan/mt, up 90 yuan/mt. (Unit: yuan/mt)

Spot Market for Aluminum Billets: In terms of domestic aluminum billet inventory, aluminum billet inventory in Guangdong stood at 122,800 mt, while Wuxi's inventory was 68,400 mt, with a total increase of 5,200 mt. Post-holiday resumption of downstream profile enterprises is still ongoing, and domestic aluminum billet inventory continued to increase. Weak purchasing sentiment made it difficult for suppliers to stand firm on quotes, leading to weak market transactions. Today, SHFE aluminum fluctuated upward, processing fees were narrowly adjusted, and the quotation range for processing fees in three regions remained stable. Today's Foshan aluminum billet market was quoted at 160–210 yuan/mt, unchanged; Wuxi market processing fees were quoted at 170–220 yuan/mt, unchanged; Nanchang region processing fees were quoted at 200–240 yuan/mt, unchanged. (Unit: yuan/mt)

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