Traders went bargain hunting as aluminum prices fell, while overall market transactions of alluminium billets was sluggish

Today, the price of SMM A00 aluminum fell by 50 yuan/mt , and was reported at 18,920 yuan/mt. Foshan A00 aluminum price was reported at 18,930 yuan/mt, down by 40 yuan/mt. The base price of aluminum continued to decline slightly, and some traders stocked up on bargain hunting. However, the overall market transactions were low, and extrusion factories are preparing for holidays. Near noon, the transaction price of Φ120Φ178 aluminum billets processing fee in south China was concentrated around 120 yuan/mt, and the processing fee of Φ90 billet was 180 yuan/mt, down by 20 yuan/mt.

In the east China market, the transaction in the Wuxi market was poor. Some traders were stocking up, and processing fees increased slightly. Near noon, the processing fee for Φ120 aluminum billets was 160 yuan/mt, and the processing fee for Φ90 small aluminium billets was 260 yuan/mt, up 20 yuan/mt. The market turnover in Nanchang was thin, with processing fees of 150 yuan/mt for Φ120 alluminium billets and 190 yuan/mt for Φ90 alluminium billets. The average price of processing fees in Linyi, Shandong this week is the same as last week, and the average weekly price of Φ120 aluminum billets is around 290 yuan/mt.