SMM A00 Aluminum Prices and Aluminum Billet Inventory Update on March 13

On March 13, SMM A00 aluminum was quoted at 20,910 yuan/mt, up 10 yuan/mt, with a discount of 40 yuan/mt against the 03 contract, remaining flat. On March 13, SMM A00 aluminum (Foshan) was quoted at 20,890 yuan/mt, down 10 yuan/mt, with a discount of 55 yuan/mt against the current month and 75 yuan/mt against the next month. (Unit: yuan/mt)

According to SMM statistics, on March 13, aluminum billet inventory in major domestic consumption areas stood at 297,500 mt, down 5,900 mt from Monday. SHFE aluminum fluctuated near the key level today, with initial processing fee quotations remaining stable compared to yesterday. However, downstream buyers showed strong resistance to high prices and mainly engaged in just-in-time procurement. As the market weakened during the day, processing fees became increasingly sluggish, with ample low-priced supply and cold actual transactions. Today, Foshan aluminum billet market was quoted at 70–120 yuan/mt, flat; Wuxi market processing fees were quoted at 100–150 yuan/mt, flat; Nanchang region processing fees were quoted at 100–150 yuan/mt, flat. (Unit: yuan/mt)