April 1: Aluminum Prices Bottomed Out, Aluminum Billet Transactions Rebound in Three Regions [Daily Review of Spot Aluminum Billet]

SMM reported that on April 1, the SMM A00 aluminum price was 20,560 yuan/mt, flat from the previous day, at parity with the April contract, also flat from the previous day. On the same day, the SMM A00 aluminum (Foshan) price was 20,540 yuan/mt, up 10 yuan/mt, at a discount of 20 yuan/mt to the current month, narrowing by 5 yuan/mt. (Unit: yuan/mt) In terms of aluminum billet inventory, according to SMM statistics, domestic aluminum billet inventory in two regions showed that Guangdong aluminum billet inventory was 157,400 mt, Wuxi aluminum billet inventory was 42,800 mt, totaling 200,200 mt, a decrease of 3,400 mt MoM. Today, SHFE aluminum bottomed out and rebounded, recovering the 20,500 yuan/mt level. Suppliers maintained a firm stance on quotes, and aluminum prices fluctuated upward during the session. Downstream buyers saw prices stabilize, leading to a reduction in wait-and-see sentiment and an improvement in buying sentiment. Market transactions increased compared to the previous day. Today, the Foshan aluminum billet market quoted 250/300 yuan/mt, up 30 yuan/mt; the Wuxi market processing fee quoted 340/370 yuan/mt, up 20 yuan/mt; the Nanchang region processing fee quoted 280/330 yuan/mt, unchanged. (Unit: yuan/mt)