Aluminum prices rebounded and processing fees fell, high prices suppressed downstream purchases [Spot aluminum billets daily review]

Today, the SMM A00 aluminum price rose by 190 yuan/ton compared with the previous working day to 20,330 yuan/ton, and the Foshan A00 aluminum price was 20,490 yuan/ton, up 170 yuan/ton compared with the previous working day. The aluminum prices rebounded today, and the processing fee of aluminum billets declined. High price suppressed downstream purchasing demand, and the transaction volume turned weaker than yesterday.

Near noon, the transaction price of Φ120Φ178 aluminum billets in south China was concentrated around 200 yuan/ton, and the processing fee of Φ90 billets was 240 yuan/ton, down 80 yuan/ton from the previous working day. The transaction in the east China market turned sluggish. Near noon, the transaction price of Φ120 aluminum billets processing fee was 270 yuan/ton, and the transaction price of Φ90 small billets processing fee was 330 yuan/ton, down 70 yuan/ton compared with the previous working day. The transaction in Nanchang was weak, with the processing fee for Φ120 billets being 150 yuan/ton and the processing fee for Φ90 billets being 200 yuan/ton. The average processing fee in Linyi, Shandong this week was the same as last week, and the average weekly price of Φ120 aluminum billets was around 250 yuan/ton.