Domestic aluminum billet inventory: aluminum billet inventory in Guangdong was 157,700 mt, and in Wuxi was 72,200 mt, with a total decrease of 300 mt. SHFE aluminum interrupted its consecutive downward trend and achieved a rebound today. Aluminum prices remained in a high-level consolidation, while aluminum billet processing fees lacked the strength to stand firm on quotes. Affected by bearish sentiment downstream, market demand remained insufficient, and transaction performance weakened compared to yesterday.
SMM, February 26: On February 26, SMM A00 aluminum was quoted at 20,530 yuan/mt, up 140 yuan, with a discount of 30 yuan against the March contract, up 20 yuan. SMM A00 aluminum (Foshan) was quoted at 20,520 yuan/mt, up 140 yuan, with a discount of 35 yuan against the current-month contract, narrowing by 20 yuan. (Unit: yuan/mt) Regarding domestic aluminum billet inventory, aluminum billet inventory in Guangdong stood at 157,700 mt, and in Wuxi at 72,200 mt, with a total decrease of 300 mt. Today, SHFE aluminum interrupted its continuous downward trend and rebounded, with aluminum prices consolidating at high levels. Aluminum billet processing fees lacked support to stand firm on quotes, while downstream demand remained insufficient due to bearish sentiment, leading to weaker transactions compared to yesterday. Today, Foshan aluminum billet market processing fees were quoted at 190–240 yuan/mt, down 50 yuan; Wuxi market processing fees were quoted at 180–230 yuan/mt, down 40 yuan; Nanchang market processing fees were quoted at 180–230 yuan/mt, down 70 yuan. (Unit: yuan/mt) 》Subscribe to View SMM Historical Spot Prices for Metals 》Click to Access the SMM Aluminum Industry Chain Database