SMM

In terms of aluminum billet inventory, according to SMM statistics, the inventory in mainstream consumption areas in China stood at 261,000 mt on March 31, down 23,500 mt WoW. Due to ongoing overseas trade frictions and fluctuating tariffs, SHFE aluminum hovered at low levels today, with the market seeking support and confidence. The aluminum billet market remained relatively cautious, as supply side is expected to tighten, and suppliers maintained a firm stance on quotes. However, the outlook for aluminum prices remains uncertain, limiting the extent of price support. Downstream players maintained a wait-and-see approach due to the continuous decline in aluminum prices, leading to weaker market transactions. Today, the Foshan aluminum billet market quoted 220/270, up 10; the Wuxi market processing fees quoted 320/350, up 20; and the Nanchang region processing fees quoted 280/330, up 30. (Unit: yuan/mt)