1.6: Overall Weak Trading of Aluminum Billets, Divergent Performance in Processing Fees [Daily Review of Spot Aluminum Billets]

SMM, January 6: On January 6, SMM A00 aluminum closed at 19,630 yuan/mt, down 220 yuan/mt, on par with the January contract, unchanged. The price spread between Henan and Shanghai was -80 yuan/mt, up 10 yuan/mt. SMM Central China closed at 19,550 yuan/mt, down 210 yuan/mt. On January 6, SMM A00 aluminum (Foshan) closed at 19,760 yuan/mt, down 240 yuan/mt, with a premium of 130 yuan/mt over the current month, narrowing by 25 yuan/mt. (Unit: yuan/mt) Aluminum billet spot market: Today, the overall trading sentiment in the domestic aluminum billet market was sluggish, with processing fees showing divergence. By region, the South China market saw cold transactions, with the supply-demand pattern on the verge of collapse. This was due to the concentrated arrival of goods in multiple areas combined with weak downstream purchasing demand, leading to rapidly declining processing fees, quoted at 300–350 yuan/mt, down 20 yuan/mt. In the Wuxi market, transactions were mediocre, and suppliers showed willingness to stand firm on quotes but with limited strength, quoted at 380–430 yuan/mt, up 30 yuan/mt. In the Nanchang market, the supply-demand pattern remained stable, and traders' quotes were firm, quoted at 460–510 yuan/mt, up 60 yuan/mt. (Unit: yuan/mt)