March 7: SHFE Aluminum Consolidates at High Levels, Aluminum Billet Spot Purchases Increase Ahead of the Weekend [Daily Review of Spot Aluminum Billets]
- Mar 07, 2025, at 12:11 pm
SMM March 7 News:
On March 7, SMM A00 aluminum was quoted at 20,840 yuan/mt, up 40 yuan/mt, with a discount of 50 yuan/mt against the March contract, down 0 yuan/mt. On the same day, SMM A00 aluminum (Foshan) was quoted at 20,810 yuan/mt, up 20 yuan/mt, with a discount of 80 yuan/mt against the current month, widening by 20 yuan/mt. (Unit: yuan/mt)
Regarding domestic aluminum billet inventory, aluminum billet inventory in Guangdong was 157,900 mt, and in Wuxi, it was 70,000 mt, with a total decrease of 1,200 mt. Today, SHFE aluminum remained in a high-level consolidation, with quotes largely unchanged from yesterday. Suppliers sold at high prices, while downstream just-in-need purchases occurred ahead of the weekend. There was also circulation among traders. Currently, bearish sentiment persists, and the transaction pace remains relatively cautious. Today, Foshan aluminum billet market processing fees were quoted at 100–150 yuan/mt, unchanged; Wuxi market processing fees were quoted at 130–180 yuan/mt, unchanged; Nanchang region processing fees were quoted at 70–120 yuan/mt, unchanged. (Unit: yuan/mt)
SMM March 7 News:
On March 7, SMM A00 aluminum was quoted at 20,840 yuan/mt, up 40 yuan/mt, with a discount of 50 yuan/mt against the March contract, down 0 yuan/mt. On the same day, SMM A00 aluminum (Foshan) was quoted at 20,810 yuan/mt, up 20 yuan/mt, with a discount of 80 yuan/mt against the current month, widening by 20 yuan/mt. (Unit: yuan/mt)
Regarding domestic aluminum billet inventory, aluminum billet inventory in Guangdong stood at 157,900 mt, while Wuxi aluminum billet inventory was 70,000 mt, with a total decrease of 1,200 mt. Today, SHFE aluminum remained in a high-level consolidation, with quotes largely unchanged from yesterday. Suppliers sold at high levels, while downstream just-in-demand purchases occurred ahead of the weekend. There was also circulation among traders. Currently, bearish sentiment persists, and trading activity remains relatively cautious. Today, Foshan aluminum billet market processing fees were quoted at 100–150 yuan/mt, flat; Wuxi market processing fees were quoted at 130–180 yuan/mt, flat; Nanchang region processing fees were quoted at 70–120 yuan/mt, flat. (Unit: yuan/mt)
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