March 26: SHFE aluminum fluctuated rangebound, processing fee quotations in three regions remained stable compared to yesterday. [Aluminum Billet Spot Daily Review]

SMM March 26 News: On March 26, SMM A00 aluminum was quoted at 20,670 yuan/mt, up 10 yuan/mt from the previous day, at a discount of 10 yuan/mt to the April contract, up 10 yuan/mt. On March 26, SMM A00 aluminum (Foshan) was quoted at 20,660 yuan/mt, flat, at a discount of 20 yuan/mt to the current month, widening by 5 yuan/mt. (Unit: yuan/mt) In terms of aluminum billet inventory, according to SMM statistics, domestic aluminum billet inventory in two regions showed Guangdong aluminum billet inventory at 164,700 mt, Wuxi aluminum billet inventory at 48,500 mt, totaling 213,200 mt, a decrease of 3,700 mt. Today, SHFE aluminum fluctuated rangebound. Although there was a slight tightening expectation in supply in South China, and the initial processing fee in the market attempted to rise, downstream orders were limited, and mid-week bargain down purchasing prices were still predominant. Suppliers slightly lowered their offers during the session, and actual transactions were lukewarm, with processing fee quotes remaining stable from the previous day. Today, the Foshan aluminum billet market was quoted at 170/220 yuan/mt, flat from the previous day; the Wuxi market processing fee was quoted at 250/280 yuan/mt, flat; the Nanchang region processing fee was quoted at 170/220 yuan/mt, flat. (Unit: yuan/mt) 》Order to view SMM metal spot historical prices 》Click to view SMM aluminum industry chain database