February 26: SHFE Aluminum Consolidates at High Levels, Processing Fees Struggle to Rise with Moderate Transactions [Daily Review of Spot Aluminum Billets]
- feb 26, 2025, at 12:14 pm
Domestic aluminum billet inventory: aluminum billet inventory in Guangdong was 157,700 mt, and in Wuxi was 72,200 mt, with a total decrease of 300 mt. SHFE aluminum interrupted its consecutive downward trend and achieved a rebound today. Aluminum prices remained in a high-level consolidation, while aluminum billet processing fees lacked the strength to stand firm on quotes. Affected by bearish sentiment downstream, market demand remained insufficient, and transaction performance weakened compared to yesterday.
