SMM March 27 News:
On March 27, SMM A00 aluminum was quoted at 20,810 yuan/mt, up 140 yuan/mt from yesterday, at a discount of 10 yuan/mt to the April contract, flat. On March 27, SMM A00 aluminum (Foshan) was quoted at 20,780 yuan/mt, up 120 yuan/mt, at a discount of 35 yuan/mt to the current month, widening by 15 yuan/mt. (Unit: yuan/mt)
In terms of aluminum billet inventory, according to SMM statistics, on March 27, the inventory of aluminum billets in mainstream consumption areas in China was 272,000 mt, down 16,000 mt WoW. Today, SHFE aluminum returned above 20,800 yuan/mt. The supply of goods in South China is expected to tighten, and the market processing fee fell slightly. In Nanchang, east China, due to the upward shift in the price center of aluminum, the processing fee pulled back significantly. Mid-week, bargain down purchasing prices were still dominant, and actual transaction feedback was average. Today, the Foshan aluminum billet market was quoted at 160/210 yuan/mt, down 10 yuan/mt; the Wuxi market processing fee was quoted at 150/200 yuan/mt; the Nanchang area processing fee was quoted at 150/200 yuan/mt, flat. (Unit: yuan/mt)
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