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[SMM] On April 1, SMM A00 aluminum was quoted at 20,560 yuan/mt, flat from yesterday, on par with the April contract, unchanged from yesterday. On April 1, SMM A00 aluminum (Foshan) was quoted at 20,540 yuan/mt, up 10 yuan/mt, at a discount of 20 yuan/mt to the current month, narrowing by 5 yuan/mt. (Unit: yuan/mt)
In terms of aluminum billet inventory, according to SMM statistics, domestic aluminum billet inventory in two regions: Guangdong aluminum billet inventory was 157,400 mt, Wuxi aluminum billet inventory was 42,800 mt, totaling 200,200 mt, down 3,400 mt MoM. Today, SHFE aluminum bottomed out and rebounded, recovering the 20,500 level. Suppliers maintained a firm stance on quotes, and aluminum prices fluctuated upward during the session. Downstream buyers saw prices stabilize, and their wait-and-see sentiment faded, with buying sentiment improving. Market transactions increased compared to yesterday. Today, the Foshan aluminum billet market was quoted at 250/300 yuan/mt, up 30 yuan/mt; the Wuxi market processing fee was quoted at 340/370 yuan/mt, up 20 yuan/mt; the Nanchang region processing fee was quoted at 280/330 yuan/mt, flat. (Unit: yuan/mt)
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》Click to view SMM aluminum industry chain database
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