February 13: Processing Fees Struggle to Stand Firm on Quotes, Awaiting Further Demand Rebound Next Week [Daily Review of Spot Aluminum Billets]

Published: Feb 13, 2025 12:42

Save

According to SMM statistics, the aluminum billet inventory in major domestic consumption areas reached 300,400 mt, an increase of 5,900 mt compared to Monday. Around the Lantern Festival, downstream post-holiday resumption of work proceeded in an orderly manner, and the inventory buildup, especially in east China, showed signs of slowing. However, spot aluminum prices continued to retreat from high levels today. Although transactions slightly improved, there were more sellers in the market, and sentiment was weak, making it difficult to stand firm on quotes. Today, the Foshan aluminum billet market reported 150/200 yuan/mt, unchanged; the Wuxi market processing fees were reported at 180/230 yuan/mt, up by 30 yuan/mt; and the Nanchang region processing fees were reported at 170/220 yuan/mt, up by 20 yuan/mt. (Unit: yuan/mt)

SMM February 13 News:

On February 13, SMM A00 aluminum closed at 20,510 yuan/mt, down 30 yuan/mt, with a discount of 30 yuan/mt against the February contract, flat. The Henan-Shanghai price spread was -140 yuan/mt, up 10 yuan/mt. SMM central China closed at 20,370 yuan/mt, down 20 yuan/mt. On February 13, SMM A00 aluminum (Foshan) closed at 20,530 yuan/mt, down 20 yuan/mt, with a discount of 10 yuan/mt against the current month and 20 yuan/mt against the next month. (Unit: yuan/mt)

According to SMM statistics, the aluminum billet inventory in major domestic consumption areas stood at 300,400 mt, an increase of 5,900 mt compared to Monday. Around the Lantern Festival, downstream resumed production in an orderly manner after the holiday, and the inventory buildup, especially in east China, has shown signs of slowing down. However, aluminum prices continued to retreat from high levels today. Although transactions slightly improved, there were more sellers in the market, and sentiment was weak, making it difficult to stand firm on quotes. Today, the Foshan aluminum billet market quoted 150-200 yuan/mt, flat; the Wuxi market processing fee was quoted at 180-230 yuan/mt, up 30 yuan/mt; the Nanchang region processing fee was quoted at 170-220 yuan/mt, up 20 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

21 hours ago

Geopolitical Conflicts Reshape Prebaked Anode Exports; SE Asia Demand Supports Full-Year Growth 【SMM Analysis】

Amid this structural adjustment in global regional demand, with gains in some markets offsetting declines in others, China’s prebaked anode exports can offset the pressure from weakening demand in traditional markets through market structure optimization and a shift in the center of orders. Coupled with its own capacity and supply chain advantages, China’s prebaked anode exports are expected to maintain a certain increase for the full year.

21 hours ago

22 hours ago

Inventory fluctuated downward as increased warehouse withdrawals accelerated destocking, and recovering consumption drove processing fees back above parity [SMM Aluminum Billet Weekly Review]

During the week, as the geopolitical conflict in the Middle East continued to spread, market macro sentiment changed significantly, aluminum prices came under marked pressure and fell noticeably, while aluminum billet processing fees recovered to trade above parity.

22 hours ago

Impact of Hormuz Blockade on China's Aluminum Wire and Cable Exports to the Middle East [SMM Analysis]

Based on China’s 2025 aluminum wire and cable export data to the Middle East, Saudi Arabia was the largest export destination in the region, with annual exports of 9,426.752 mt, accounting for 31.88 of the Middle East total

22 hours ago