SMM January 16 News:
On January 16, SMM A00 aluminum closed at 20,200 yuan/mt, up 180 yuan/mt, with a discount of 90 yuan/mt against the February contract, down 0 yuan/mt. The price spread between Henan and Shanghai was -110 yuan/mt, down 30 yuan/mt. SMM Central China closed at 20,090 yuan/mt, up 150 yuan/mt. (Unit: yuan/mt)
Aluminum Billet Spot Market: According to SMM statistics, aluminum billet inventory in Foshan stood at 64,300 mt, while Wuxi recorded 35,800 mt, with a combined increase of 2,000 mt. Domestic aluminum billet inventory maintained an upward trend. Over the past week, extrusion companies have gradually entered the holiday phase, leading to insufficient downstream demand, and most market transactions were between traders. Today, aluminum billet processing fees in three regions remained at low levels. The South China market showed sluggish sentiment, with processing fees at 90–140 yuan/mt, unchanged. In Wuxi, suppliers continued to seek spot aluminum, with processing fees slightly declining to 130–200 yuan/mt, and φ120 aluminum billets down by 20 yuan/mt. In Nanchang, the market was generally inactive, with processing fees at 160–220 yuan/mt, unchanged. (Unit: yuan/mt)
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