【Aluminum Billet Processing Fees】This morning, the most-traded SHFE aluminum contract continued to oscillate around the 20,000 yuan/mt threshold. As the Labour Day holiday approached, suppliers held firm on their processing fee quotes. In South China, suppliers intended to accelerate the pace of shipments and lowered their processing fees. In East China's Nanchang area, however, processing fees remained stable as downstream buyers maintained their just-in-time purchasing, but trading sentiment was slightly lackluster on the day before the Labour Day holiday. Today, the aluminum billet market in Foshan reported processing fees of 320/370 yuan/mt, a decrease of 10 yuan/mt. The processing fees in Wuxi market were reported at 350/450 yuan/mt, unchanged. In Nanchang area, the processing fees were reported at 400/450 yuan/mt, also unchanged. (Unit: yuan/mt)
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