SMM

According to SMM statistics, in terms of domestic aluminum billet inventory in two regions, Guangdong's aluminum billet inventory was 90,800 mt, and Wuxi's aluminum billet inventory was 27,000 mt, totaling 117,800 mt, a decrease of 6,500 mt MoM. Today, aluminum prices broke through the 20,000 yuan mark, and processing fees were under pressure and weakened. Although there was some rigid demand for restocking before the holiday, downstream buyers mainly drove down prices and purchased as needed. Suppliers actively adjusted prices to promote transactions, and overall transactions were conducted with volume discounts. Notably, due to delayed arrivals, small billets in the Nanchang market were in short supply, and processing fees significantly increased against the trend. Today, the Foshan aluminum billet market quoted 260/310, down 30; the Wuxi market quoted 280/350, unchanged; and the Nanchang region quoted 270/450, down 10/up 120. (Unit: yuan/mt)