March 31: Aluminum prices lingered at low levels, with limited firmness in processing fees for aluminum billets across three regions [Daily Review of Spot Aluminum Billets]

SMM March 31 News: On March 31, SMM A00 aluminum was quoted at 20,560 yuan/mt, down 60 yuan/mt from yesterday, on par with the April contract, and flat WoW from last Friday. On March 31, SMM A00 aluminum (Foshan) was quoted at 20,530 yuan/mt, down 50 yuan/mt, at a discount of 25 yuan/mt to the current month, narrowing by 10 yuan/mt. (Unit: yuan/mt) In terms of aluminum billet inventory, according to SMM statistics, the inventory of aluminum billets in mainstream domestic consumption areas on March 31 was 261,000 mt, down 23,500 mt WoW from last Monday. Due to ongoing overseas trade frictions and fluctuating tariffs, SHFE aluminum hovered at low levels today, with the market seeking support and confidence. The aluminum billet market remained relatively cautious, as the supply side is expected to tighten, and suppliers maintained a firm stance on quotes. However, the outlook for aluminum prices remains uncertain, and the extent of the firm quotes is limited. Downstream players maintained a wait-and-see approach due to the continuous decline in aluminum prices, leading to weaker market transactions. Today, the Foshan aluminum billet market was quoted at 220/270 yuan/mt, up 10 yuan/mt; the Wuxi market processing fee was quoted at 320/350 yuan/mt, up 20 yuan/mt; and the Nanchang region processing fee was quoted at 280/330 yuan/mt, up 30 yuan/mt. (Unit: yuan/mt) 》Order to view SMM metal spot historical prices 》Click to view SMM aluminum industry chain database