SMM

According to SMM statistics, the inventory of aluminum billets in mainstream domestic consumption areas on April 17 was 209,200 mt, down 17,200 mt WoW from Monday. This morning, the futures market fluctuated upward, with the center of SHFE aluminum recovering above 19,700. The processing fee quotes were slightly lowered in the morning session. During the session, aluminum futures prices fluctuated rangebound, suppliers' willingness to sell increased, downstream maintained a strategy of driving down prices and slow procurement, and trading sentiment was moderate. Today, the Foshan aluminum billet market quoted 320/370, down 20; the Wuxi market quoted processing fees of 310/350, down 20; and the Nanchang area quoted processing fees of 310/360, down 20. (Unit: yuan/mt)