1.8: Profile Factories to Gradually Begin Holiday Next Week, Suppliers Accelerate Delivery Pace [Daily Review of Spot Aluminum Billets]

Published: Jan 8, 2025 12:43

Save

Aluminum Billet Spot Market: As downstream profile factories will gradually start their holidays next week (14th/15th), weakening demand has become inevitable. Suppliers accelerated their shipment pace, and all three regions showed a volume discount trend. By region, the South China market saw sluggish transactions, continuing the buyer's market status, quoted at 230–280 yuan/mt, down 20 yuan. In the East China market, aluminum billet supply was abundant, while downstream rigid demand was insufficient, leading to slow transaction activity. Wuxi was quoted at 360–410 yuan/mt, down 20 yuan, and Nanchang at 410–460 yuan/mt, down 30 yuan. (Unit: yuan/mt)

SMM January 8 News:

On January 8, SMM A00 aluminum closed at 19,640 yuan/mt, unchanged, with a discount of 30 yuan/mt to the January contract, down 10 yuan/mt. The Henan-Shanghai price spread was -60 yuan/mt, up 20 yuan/mt, and SMM central China closed at 19,580 yuan/mt, up 20 yuan/mt. On January 8, SMM A00 aluminum (Foshan) closed at 19,720 yuan/mt, down 30 yuan/mt, with a premium of 50 yuan/mt to the current month, narrowing by 40 yuan/mt. (Unit: yuan/mt)

Aluminum billet spot market: As downstream profile factories are set to begin their holidays next week (January 14/15), weakening demand is inevitable. Suppliers accelerated their shipment pace, and all three regions showed a volume discount trend. By region, the south China market saw sluggish transactions, continuing the buyer's market trend, quoted at 230-280 yuan/mt, down 20 yuan/mt; the east China market had ample aluminum billet supply, with insufficient downstream demand, leading to slow transaction pace, Wuxi quoted at 360-410 yuan/mt, down 20 yuan/mt; Nanchang quoted at 410-460 yuan/mt, down 30 yuan/mt. (Unit: yuan/mt)

》Subscribe to view SMM historical spot metal prices

》Click to view the SMM aluminum industry chain database

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

14 hours ago

Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution

Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.

14 hours ago

Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation

All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.

14 hours ago

Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027

The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.

14 hours ago