March 14: SHFE Aluminum Fluctuates at Highs, Aluminum Billet Transactions Hit a Freezing Point [Daily Review of Spot Aluminum Billet]

SMM March 14 News:

On March 14, SMM A00 aluminum was quoted at 20,910 yuan/mt, unchanged, with a discount of 40 yuan/mt against the March contract, flat. On the same day, SMM A00 aluminum (Foshan) was quoted at 20,890 yuan/mt, flat, with a discount of 60 yuan/mt against the current month and 75 yuan/mt against the next month. (Unit: yuan/mt)

Regarding aluminum billet inventory, according to SMM statistics, domestic aluminum billet inventory stood at 161,000 mt in Guangdong and 62,500 mt in Wuxi, with a total decrease of 300 mt MoM. SHFE aluminum remained high today, processing fees stayed at low levels, but downstream buyers showed strong resistance to high prices and only maintained just-in-time procurement. Suppliers also sold at high levels during the day, with ample low-priced circulating supply, and actual transactions were mediocre. Today, aluminum billet processing fees in the Foshan market were quoted at 70-120 yuan/mt, flat; in the Wuxi market, processing fees were quoted at 100-150 yuan/mt, flat; in the Nanchang region, processing fees were quoted at 70-120 yuan/mt, down by 30 yuan/mt. (Unit: yuan/mt)

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