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March 10: SHFE Aluminum Fluctuated at High Levels, Processing Fees Remained Firm but Were Poorly Accepted by Downstream [Daily Review of Spot Aluminum Billets]
Mar 10, 2025, at 10:42 am
Today, the SHFE aluminum jumped initially and then pulled back, maintaining a fluctuating trend. On Monday, prices remained firm, but downstream acceptance was poor. The market was mainly dominated by truck transportation, with overall circulation relatively loose, and transactions relied on volume discounts. Today, the Foshan aluminum billet market was quoted at 130/180 yuan/mt, up 30 yuan; the Wuxi market processing fees were quoted at 150/200 yuan/mt, up 20 yuan; and the Nanchang region processing fees were quoted at 70/120 yuan/mt, unchanged.
SMM March 10 News:
On March 10, SMM A00 aluminum was quoted at 20,770 yuan/mt, down 70 yuan/mt, with a discount of 50 yuan/mt against the March contract, unchanged. SMM A00 aluminum (Foshan) was quoted at 20,750 yuan/mt, down 60 yuan/mt, with a discount of 70 yuan/mt against the current-month contract, narrowing by 10 yuan/mt. (Unit: yuan/mt)
Regarding aluminum billet inventory, according to SMM statistics, as of March 10, aluminum billet inventory in major domestic consumption areas stood at 303,400 mt, down 10,800 mt WoW. SHFE aluminum jumped initially and then pulled back, maintaining a fluctuating trend. Monday's quotes remained firm, but downstream acceptance was poor. The market was dominated by truck transportation, with overall circulation relatively loose, and transactions relied on volume discounts.
Today, Foshan aluminum billet market processing fees were quoted at 130–180 yuan/mt, up 30 yuan/mt; Wuxi market processing fees were quoted at 150–200 yuan/mt, up 20 yuan/mt; Nanchang region processing fees were quoted at 70–120 yuan/mt, unchanged. (Unit: yuan/mt)
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