SMM A00 Aluminum Prices Rise with Moderate Transactions and Declining Inventory

On April 24, the SMM A00 aluminum price was reported at 19,980 yuan/mt, up 70 yuan/mt from the previous trading day, with a premium of 10 yuan/mt against the May contract, down 10 yuan/mt from the previous trading day. On April 24, the SMM A00 aluminum (Foshan) price was reported at 19,930 yuan/mt, up 60 yuan/mt, with a discount of 35 yuan/mt against the current month, widening by 20 yuan/mt. (Unit: yuan/mt)

According to SMM statistics, on April 24, the inventory of aluminum billets in mainstream consumption areas in China was 177,800 mt, a decrease of 18,900 mt from Monday. Today, aluminum prices maintained an upward trend, while processing fees showed slight pressure. Although there was some rigid demand for restocking before the holiday, downstream buyers mainly focused on driving down prices and slow procurement. Some suppliers also actively adjusted prices to promote transactions, and overall transactions were moderate. Today, the Foshan aluminum billet market was quoted at 290/340 yuan/mt, down 20 yuan/mt; the Wuxi market processing fee was quoted at 280/350 yuan/mt, down 20/0 yuan/mt; the Nanchang region processing fee was quoted at 280/330 yuan/mt, down 20 yuan/mt. (Unit: yuan/mt)