April 18: SHFE aluminum rose first and then fell, aluminum billet processing fees fluctuated downward [Aluminum Billet Spot Daily Review]

Published: Apr 18, 2025 12:16

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According to SMM statistics, in terms of domestic aluminum billet inventory in two regions, Guangdong's aluminum billet inventory was 116,400 mt, and Wuxi's aluminum billet inventory was 32,200 mt, totaling 148,600 mt, a decrease of 4,600 mt MoM. This morning, SHFE aluminum initially rose and then fell. As aluminum prices slightly increased, suppliers slightly adjusted processing fee quotes. However, during the session, SHFE aluminum continued to decline, and suppliers significantly lowered prices to boost sales. Downstream sentiment remained cautious, with slow purchasing pace and sluggish trading sentiment. Today, the Foshan aluminum billet market quoted 300/350, down 20; the Wuxi market quoted processing fees at 300/350, down 10; and the Nanchang region quoted processing fees at 310/360, unchanged. (Unit: yuan/mt)

SMM April 18 News: On April 18, SMM A00 aluminum was quoted at 19,830 yuan/mt, up 30 yuan/mt from the previous trading day, with a premium of 50 yuan/mt against the May contract, up 20 yuan/mt from the previous trading day. On April 18, SMM A00 aluminum (Foshan) was quoted at 19,810 yuan/mt, up 10 yuan/mt, with a premium of 35 yuan/mt against the current month, flat. (Unit: yuan/mt) According to SMM statistics, in terms of domestic aluminum billet inventory in two regions, Guangdong aluminum billet inventory was 116,400 mt, Wuxi aluminum billet inventory was 32,200 mt, totaling 148,600 mt, a decrease of 4,600 mt MoM. This morning, SHFE aluminum first rose and then fell. As aluminum prices slightly increased, suppliers slightly adjusted processing fee quotes. However, during the session, SHFE aluminum continued to decline, and suppliers increased price cuts to promote sales. Downstream sentiment remained cautious, with slow purchasing pace and sluggish trading sentiment. Today, the Foshan aluminum billet market was quoted at 300/350 yuan/mt, down 20 yuan/mt; the Wuxi market processing fee was quoted at 300/350 yuan/mt, down 10 yuan/mt; the Nanchang region processing fee was quoted at 310/360 yuan/mt, flat. (Unit: yuan/mt)

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