SMM January 13 News:
On January 13, SMM A00 aluminum closed at 20,150 yuan/mt, up 170 yuan/mt, with a discount of 50 yuan/mt against the January contract, down 10 yuan/mt. The Henan-Shanghai price spread was -50 yuan/mt, down 10 yuan/mt. SMM Central China closed at 20,100 yuan/mt, up 160 yuan/mt. (Unit: yuan/mt)
Aluminum billet spot market: Domestic mainstream consumption areas reported an aluminum billet inventory of 142,600 mt, an increase of 5,600 mt WoW. The main reason was the entry into the traditional off-season, where operating rates in all extrusion sectors except automotive extrusion showed a significant decline. Additionally, extrusion plants in various regions have gradually entered the holiday phase, leading to a clear weakening trend in downstream demand for aluminum billets. Today, domestic aluminum billet suppliers showed a willingness to liquidate at high prices, but due to the purchasing side entering the holiday phase, demand remained weak, and market transactions were sluggish. Processing fees for aluminum billets in three major markets continued to decline. By region, the South China market reported processing fees at 100-150 yuan/mt, down 70 yuan/mt; the Wuxi market at 200-250 yuan/mt, down 80 yuan/mt; and the Nanchang market at 170-220 yuan/mt, down 100 yuan/mt. (Unit: yuan/mt)
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