July 29: Aluminum prices drop back slightly, spot cargo transactions remain weak [Daily Review of Spot Aluminum Billet]

Published: Jul 29, 2025 15:33

Save

According to SMM statistics, in terms of domestic aluminum billet inventory in two regions, Guangdong's aluminum billet inventory stood at 58,500 mt, while Wuxi's aluminum billet inventory was 30,500 mt, totaling 89,000 mt, an increase of 1,500 mt MoM. Today, aluminum prices continued to decline, and there was an upward sentiment in processing fees in the market. However, downstream demand remained weak due to the off-season, and purchases were made at a rigid demand pace while driving down prices. The sentiment for spot trades remained weak, and the increase in processing fees was quite limited. As of July 29, 2025, the aluminum billet market in Foshan reported processing fees of 220/270 yuan/mt, unchanged; Wuxi reported processing fees of 220/320 yuan/mt, up 40 yuan/mt; and Nanchang reported processing fees of 170/220 yuan/mt, up 30 yuan/mt. (Unit: yuan/mt)

SMM reported on July 29:

On July 29, SMM A00 aluminum was quoted at 20,620 yuan/mt, down 40 yuan/mt from the previous trading day, trading on par with the August contract, unchanged from the previous trading day. On July 29, SMM A00 aluminum (Foshan) was quoted at 20,600 yuan/mt, down 50 yuan/mt, trading at a 15 yuan/mt discount to the current month, expanding by 10 yuan/mt (unit: yuan/mt).

According to SMM statistics, in terms of domestic aluminum billet inventory in two regions, Guangdong had 58,500 mt of aluminum billet inventory, and Wuxi had 30,500 mt of aluminum billet inventory, totaling 89,000 mt, up 1,500 mt MoM. Today, aluminum prices continued to decline, and there was an upward sentiment in market processing fees. However, downstream demand remained insufficient during the off-season, maintaining a rigid demand and price-driving purchasing rhythm. Spot trading sentiment remained weak, and the increase in processing fees was quite limited. As of July 29, 2025, aluminum billet market quotes in Foshan were 220/270 yuan/mt, unchanged; aluminum billet processing fees in Wuxi were quoted at 220/320 yuan/mt, up 40 yuan/mt; processing fees in Nanchang were quoted at 170/220 yuan/mt, up 30 yuan/mt (unit: yuan/mt).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

19 hours ago

Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution

Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.

19 hours ago

Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation

All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.

19 hours ago

Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027

The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.

19 hours ago