【Aluminum bar spot daily review: Aluminum prices edge up slightly, pro

Published: Feb 29, 2024 13:42

Save

【Aluminum bar spot daily review: Aluminum prices edge up slightly, processing fees weaken, small increase in aluminum bar inventory after the holiday】SMM, Feb 29: Today, SMM A00 aluminum prices rose by 70 yuan/ton compared to the previous working day, reaching 18,860 yuan/ton. Foshan A00 aluminum is at 18,880 yuan/ton, up by 50 yuan/ton from the previous working day. Today, the aluminum base price slightly rebounded, while the processing fees for aluminum bars weakened but to a limited extent. The East China market saw a slight improvement in transactions, while the overall situation in the South China market showed dip purchasing. In the Foshan region...

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan

[SMM Aluminum Express News] Danantara officially began construction on a major aluminum smelter and alumina refinery (SGAR) in Mempawah, West Kalimantan, on February 6, 2026. The total investment is Rp 87.7 trillion. The project, managed by Inalum and Antam, will have a 1-million-ton annual capacity.

2 hours ago

19 hours ago

2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

[SMM Analysis]2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

19 hours ago

20 hours ago

Costs Drag Down Supply-Demand Pressure, Aluminum Auxiliary Material Prices Under Pressure and Weaken [SMM Analysis]

20 hours ago