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

Published: Mar 26, 2025 12:21

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Today, SHFE aluminum fluctuated rangebound. Although the supply of goods in South China was expected to tighten slightly, and the initial processing fees in the market attempted to rise, downstream orders were limited. Mid-week, bargain down purchasing prices were still predominant. Suppliers slightly lowered their quotations during the session, and the actual transaction response was lukewarm. Processing fee quotations remained stable compared to yesterday. Today, the aluminum billet market in Foshan quoted 170/220, unchanged from yesterday; the processing fee in Wuxi was quoted at 250/280, unchanged; and the processing fee in Nanchang was quoted at 170/220, unchanged. (Unit: yuan/mt)

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)

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