1.15: Aluminum Billet Processing Fees Fluctuate Downward Across Regions, Market Trading Sentiment Remains Weak [Daily Review of Spot Aluminum Billets]

Published: Jan 15, 2025 14:44

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According to SMM statistics, the aluminum billet inventory in Foshan stood at 63,300 mt, while that in Wuxi was 34,800 mt, with a combined increase of 4,200 mt. The domestic aluminum billet inventory maintained an upward trend. Over the past week, profile enterprises gradually entered the holiday phase, leading to insufficient downstream rigid demand and sluggish market activity. Today, the processing fees of aluminum billets in the three regions remained stable overall. A small portion of buyers showed demand for low-price purchases, but overall market transactions were sparse, and processing fees showed no signs of improvement. In the South China market, processing fees were quoted at 90–140 yuan/mt, flat; in the Wuxi market, processing fees were quoted at 150–200 yuan/mt, flat; and in the Nanchang market, buying sentiment was weak, with processing fees quoted at 160–220 yuan/mt, flat. (Unit: yuan/mt)

SMM January 15 News:

On January 15, SMM A00 aluminum closed at 20,020 yuan/mt, down 140 yuan/mt, with a discount of 90 yuan/mt against the 01 contract, unchanged. The price spread between Henan and Shanghai was -80 yuan/mt, down 10 yuan/mt. SMM Central China closed at 19,940 yuan/mt, down 150 yuan/mt. (Unit: yuan/mt)

Aluminum Billet Spot Market: According to SMM statistics, aluminum billet inventory in Foshan stood at 63,300 mt, while Wuxi recorded 34,800 mt, with a combined increase of 4,200 mt. Domestic aluminum billet inventory maintained an upward trend. Over the past week, extrusion enterprises have gradually entered the holiday phase, leading to insufficient downstream demand and sluggish market activity. Today, aluminum billet processing fees in three regions remained stable overall. A small portion of buyers showed demand for low-price purchases, but overall market transactions were sparse, and processing fees showed no significant improvement. Processing fees in the South China market were reported at 90-140 yuan/mt, unchanged; Wuxi market processing fees were at 150-200 yuan/mt, unchanged; and Nanchang market saw weak buying sentiment, with processing fees at 160-220 yuan/mt, unchanged. (Unit: yuan/mt)

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