Aluminum prices went up while processing fees dropped below 200 yuan/ton amid sluggish market transaction [Daily Review of Spot Aluminum Billets]

Today, the price of SMM A00 aluminum increased by 100 yuan/ton compared with the previous working day, at 19,340 yuan/ton, and Foshan A00 aluminum reported at 19,300 yuan/ton, increased by 100 yuan/ton compared with the previous working day. Today, the base price of aluminum has risen sharply, processing fees have generally been reduced, and the processing fees for large billets fell below 200 yuan/ton. The overall market wait-and-see sentiment was obvious amid sluggish transaction.

Near noon, the transaction price of Φ120Φ178 aluminum billets processing fee in south China was around 150 yuan/ton, and the processing fee of Φ90 billets was 210 yuan/ton, which was a decrease of 50 yuan/ton compared with the previous working day. Transactions in the east China market were sluggish. Near noon, the processing fee for Φ120 aluminum billets was 200 yuan/ton, and the processing fee for Φ90 small billets was 250 yuan/ton, a decrease of 60 yuan/ton compared with the previous working day. Shipments in Nanchang were weak, with processing fees for Φ120 billets quoted at 180 yuan/ton and Φ90 billets at 230 yuan/ton. The average processing fee in Linyi, Shandong Province this week dropped by 20 yuan/ton compared with last week, and the average weekly price of Φ120 aluminum billets was around 330 yuan/ton.