1.21: Sparse Trading in the Aluminum Billet Market, Processing Fees Fluctuate Rangebound [Daily Review of Spot Aluminum Billets]

Published: Jan 21, 2025 12:06

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Aluminum Billet Spot Market: According to SMM statistics, domestic aluminum billet inventory stood at 83,100 mt in Guangdong and 45,000 mt in Wuxi, with a total increase of 6,800 mt compared to yesterday. Due to downstream profile enterprises entering holiday mode last week and a significant arrival of goods over the weekend, domestic aluminum billet inventory showed an accelerated growth trend. Currently, influenced by macro sentiment fluctuations, aluminum prices fluctuated upward. Suppliers adopted a passive quoting approach, while buyers mostly remained on the sidelines, leading to sparse market transactions. Processing fees for aluminum billets in the three regions remained rangebound, with a general trend of prices without transactions. Today, processing fees in the South China market were reported at 100–150 yuan/mt, unchanged; in the Wuxi market at 130–180 yuan/mt, unchanged; and in the Nanchang region at 150–200 yuan/mt, down by 50 yuan/mt, reflecting insufficient price support and downward adjustments. (Unit: yuan/mt)

: On January 21, SMM A00 aluminum closed at 20,320 yuan/mt, up 60 yuan/mt, with a discount of 50 yuan/mt against the February contract, up 10 yuan/mt. The price spread between Henan and Shanghai was -140 yuan/mt, unchanged. SMM Central China closed at 20,180 yuan/mt, up 60 yuan/mt. (Unit: yuan/mt) Spot Market for Aluminum Billets: According to SMM statistics, domestic aluminum billet inventory stood at 83,100 mt in Guangdong and 45,000 mt in Wuxi, with a total increase of 6,800 mt compared to the previous day. Due to downstream profile enterprises entering holiday mode last week and increased arrivals over the weekend, domestic aluminum billet inventory showed an accelerating upward trend. Currently, influenced by macro sentiment fluctuations, aluminum prices fluctuated upward. Suppliers quoted passively, while buyers mostly remained on the sidelines, leading to sparse market transactions. Processing fees for aluminum billets in the three regions fluctuated rangebound, mostly showing prices without transactions. Today, processing fees in the South China market were quoted at 100-150 yuan/mt, unchanged; in the Wuxi market at 130-180 yuan/mt, unchanged; and in the Nanchang region at 150-200 yuan/mt, down 50 yuan/mt, reflecting insufficient support for firm quotes and downward price adjustments. (Unit: yuan/mt) 》Subscribe to View SMM Historical Spot Prices 》Click to View 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.

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