SMM

Today, SHFE aluminum surged strongly to around the 21,000 yuan/mt level. Initial quotes for processing fees saw limited reductions, but downstream sectors exhibited significant aversion to high prices, maintaining only just-in-time procurement. Suppliers also sold at high levels during the session, with ample low-priced circulating supply, resulting in sluggish actual transactions. Today, the Foshan aluminum billet market was quoted at 70–120 yuan/mt, down 80 yuan/mt; the Wuxi market processing fees were quoted at 100–150 yuan/mt, down 100 yuan/mt; and the Nanchang region processing fees were quoted at 100–150 yuan/mt, down 50 yuan/mt.