August 12: Aluminum prices rose slightly, while aluminum billet processing fees remained stable [Daily Review of Spot Aluminum Billets]

SMM August 12 report:

On August 12, SMM A00 aluminum was quoted at 20,640 yuan/mt, up 10 yuan/mt from the previous trading day, with a discount of 30 yuan/mt against the August contract, narrowing by 20 yuan/mt from the previous trading day. On August 12, SMM A00 aluminum (Foshan) was quoted at 20,610 yuan/mt, down 10 yuan/mt, with a discount of 55 yuan/mt against the current month, unchanged (unit: yuan/mt).

According to SMM statistics, in terms of domestic aluminum billet inventory in two regions, the inventory of aluminum billet in Guangdong was 57,000 mt, and the inventory of aluminum billet in Wuxi was 36,500 mt, totaling 93,500 mt, down 500 mt from the previous period. Today, influenced by the further extension of China-US tariffs, SHFE aluminum recovered from yesterday's decline, with prices still maintaining a range-bound movement. Although the downstream extrusion market remains in an off-season atmosphere, due to the reduction in arrivals in affected regions caused by production cuts at billet plants, aluminum billet inventory maintains a range-bound movement without showing a clear trend. As aluminum prices remain relatively stable, processing fees in the market today are basically flat compared to yesterday. Downstream players maintain a cautious purchasing pace, focusing on immediate needs, and sentiment in spot trades is relatively subdued. As of August 12, 2025, the aluminum billet market in Foshan was quoted at 210/260 yuan/mt, unchanged; the processing fee for aluminum billet in Wuxi was quoted at 150/300 yuan/mt, unchanged; and the processing fee in Nanchang was quoted at 220/280 yuan/mt, unchanged (unit: yuan/mt).