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

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)

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