Home / Metal News / April 1: Aluminum Prices Bottomed Out, Aluminum Billet Transactions Rebound in Three Regions [Daily Review of Spot Aluminum Billet]

April 1: Aluminum Prices Bottomed Out, Aluminum Billet Transactions Rebound in Three Regions [Daily Review of Spot Aluminum Billet]

iconApr 1, 2025 12:04
Source:SMM
SMM reported that on April 1, the SMM A00 aluminum price was 20,560 yuan/mt, flat from the previous day, at parity with the April contract, also flat from the previous day. On the same day, the SMM A00 aluminum (Foshan) price was 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 showed that Guangdong aluminum billet inventory was 157,400 mt, Wuxi aluminum billet inventory was 42,800 mt, totaling 200,200 mt, a decrease of 3,400 mt MoM. Today, SHFE aluminum bottomed out and rebounded, recovering the 20,500 yuan/mt level. Suppliers maintained a firm stance on quotes, and aluminum prices fluctuated upward during the session. Downstream buyers saw prices stabilize, leading to a reduction in wait-and-see sentiment and an improvement in buying sentiment. Market transactions increased compared to the previous day. Today, the Foshan aluminum billet market quoted 250/300 yuan/mt, up 30 yuan/mt; the Wuxi market processing fee quoted 340/370 yuan/mt, up 20 yuan/mt; the Nanchang region processing fee quoted 280/330 yuan/mt, unchanged. (Unit: yuan/mt)

SMM April 1 News:

[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)

 

 

》Order to view SMM metal spot historical prices

》Click to view SMM aluminum industry chain database

 

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All