March 24: SHFE Aluminum Consolidated Weakly, Processing Fees Generally Increased but Downstream Buyers Bargained Down Purchasing Prices [Spot Aluminum Billet Daily Review]

SMM Mar 24 News: On Mar 24, SMM A00 aluminum was at 20,660, down 130, with a discount of 30 to the Apr contract, unchanged. On Mar 24, SMM A00 aluminum (Foshan) was at 20,660, down 120, with a discount of 30 to the current month, narrowing by 10. (Unit: yuan/mt) Inventory side, according to SMM statistics, on Mar 24, domestic mainstream consumption areas' aluminum billet inventory was 284,500 mt, down 3,500 mt WoW from last Thursday. SHFE aluminum traded weakly today. At the beginning of the week, processing fees were collectively raised, but downstream buyers were not in a hurry to purchase and mostly pressed for lower prices. Suppliers also lowered their quotes during the session. There was ample supply, and actual transactions involved volume discounts. Today, Foshan aluminum billet market was quoted at 180/230, up 70; Wuxi market processing fee was at 250/300, up 0/20; Nanchang area processing fee was at 200/250, up 80. (Unit: yuan/mt)     》Order to view SMM metal spot historical prices 》Click to view SMM aluminum industry chain database