1.7: Aluminum Billet Transactions Use Volume Discount; Processing Fees Generally Reduced [Daily Review of Spot Aluminum Billets]

Published: Jan 7, 2025 14:31

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Aluminum Billet Spot Market: As downstream sectors gradually enter the holiday or pre-holiday phase, domestic aluminum billet social inventory has seen continuous inventory buildup, and processing fees have generally declined. By region, the South China market experienced sluggish transactions, with the supply-demand pattern shifting to a nominal market, entering a buyer's market first and being forced to focus on volume discounts, quoted at 250/300 yuan/mt, down by 50 yuan/mt. In the Wuxi market, transactions were mediocre, and although suppliers intended to stand firm on quotes, their efforts were limited, quoted at 380/430 yuan/mt, unchanged. In the Nanchang market, transactions weakened, quoted at 440/490 yuan/mt, down by 20 yuan/mt. (Unit: yuan/mt)

SMM January 7 News: On January 7, SMM A00 aluminum closed at 19,640 yuan/mt, up 10 yuan/mt, with a discount of 20 yuan/mt against the January contract, down 20 yuan/mt. The Henan-Shanghai price spread remained at -80 yuan/mt. SMM Central China closed at 19,560 yuan/mt, up 10 yuan/mt. On January 7, SMM A00 aluminum (Foshan) closed at 19,750 yuan/mt, down 10 yuan/mt, with a premium of 90 yuan/mt against the current month, narrowing by 40 yuan/mt (unit: yuan/mt). Aluminum Billet Spot Market: As downstream sectors gradually enter the holiday or pre-holiday phase, domestic aluminum billet social inventory has seen continuous buildup, and processing fees have generally declined. By region, the South China market experienced sluggish transactions, with the supply-demand pattern shifting to a buyer's market characterized by prices without transactions, forcing suppliers to adopt volume discounts. Quotes were at 250-300 yuan/mt, down 50 yuan/mt. In the Wuxi market, transactions were mediocre, and while suppliers showed willingness to stand firm on quotes, their efforts were limited. Quotes were at 380-430 yuan/mt, unchanged. In the Nanchang market, transactions weakened, with quotes at 440-490 yuan/mt, down 20 yuan/mt (unit: yuan/mt). 》Subscribe to View SMM Historical Spot Metal Prices》Click to View the SMM Aluminum Industry Chain Database

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