May 14: Aluminum prices rose for three consecutive days, while processing fees remained under pressure [[Daily Review of Spot Aluminum Billets]]

SMM News on May 14:

On May 14, SMM A00 aluminum was reported at 20,210 yuan/mt, up 200 yuan/mt from the previous trading day, with a premium of +20 yuan/mt over the May contract, up 40 yuan/mt from the previous trading day. On May 14, SMM A00 aluminum (Foshan) was reported at 20,130 yuan/mt, up 200 yuan/mt, with a discount of 55 yuan/mt against the current month and a discount of 45 yuan/mt against the next month (unit: yuan/mt).

According to SMM statistics, in terms of aluminum billet inventory in two domestic locations, the inventory of aluminum billet in Guangdong was 77,300 mt, and the inventory of aluminum billet in Wuxi was 15,200 mt, totaling 92,500 mt, a decrease of 3,700 mt MoM. As aluminum prices continued to climb, processing fees showed weakness, with varying degrees of decline in different regions. Suppliers actively reduced processing fees in an attempt to sell goods, while downstream buyers showed caution in purchasing due to fear of high prices, resulting in insufficient trading sentiment. Today, the processing fee in the Foshan aluminum billet market was reported at 310/360 yuan/mt, down 50 yuan/mt; the processing fee in the Wuxi market was reported at 330/380 yuan/mt, down 30 yuan/mt from 120 yuan/mt; the processing fee in the Nanchang region was reported at 350/400 yuan/mt, down 50 yuan/mt (unit: yuan/mt).

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