April 24: SHFE Aluminum Continued Its Upward Trend, Processing Fees Under Pressure, Overall Trading Moderate [Daily Review of Spot Aluminum Billet]

Published: Apr 24, 2025 12:24 (GMT+8)

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According to SMM statistics, the inventory of aluminum billets in mainstream consumption areas in China on April 24 was 177,800 mt, a decrease of 18,900 mt compared to Monday. Aluminum prices maintained an upward trend today, while processing fees showed slight pressure. Although there was some rigid demand for restocking before the holiday, downstream buyers mainly focused on driving down prices and slow procurement. Some suppliers also proactively adjusted prices to promote transactions, and overall transactions were moderate. Today, the Foshan aluminum billet market quoted 290/340, down by 20; the Wuxi market quoted processing fees of 280/350, down by 20/0; and the Nanchang area quoted processing fees of 280/330, down by 20. (Unit: yuan/mt)

SMM April 24 News: On April 24, SMM A00 aluminum was quoted at 19,980 yuan/mt, up 70 yuan/mt from the previous trading day, with a premium of 10 yuan/mt against the May contract, down 10 yuan/mt from the previous trading day. On April 24, SMM A00 aluminum (Foshan) was quoted at 19,930 yuan/mt, up 60 yuan/mt, with a discount of 35 yuan/mt against the current month, widening by 20 yuan/mt. (Unit: yuan/mt)

According to SMM statistics, on April 24, the inventory of aluminum billets in mainstream domestic consumption areas was 177,800 mt, a decrease of 18,900 mt from Monday. Today, aluminum prices maintained an upward trend, while processing fees showed slight pressure. Although there was some rigid demand for restocking before the holiday, downstream buyers mainly focused on driving down prices and slow procurement. Some suppliers actively adjusted prices to promote transactions, and overall transactions were moderate.

Today, the Foshan aluminum billet market was quoted at 290/340 yuan/mt, down 20 yuan/mt; the Wuxi market processing fee was quoted at 280/350 yuan/mt, down 20/0 yuan/mt; the Nanchang region processing fee was quoted at 280/330 yuan/mt, down 20 yuan/mt. (Unit: yuan/mt)

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