On April 24, SMM A00 aluminium (Foshan) was quoted at RMB 19,930 per tonne, up RMB 60 per tonne, with a discount of RMB 35 per tonne against the current month, widening by RMB 20 per tonne.
According to SMM statistics, on April 24, the inventory of aluminium billets in mainstream domestic consumption areas was 177,800 tonnes, a decrease of 18,900 tonnes from Monday. Today, aluminium prices maintained an upward trend, while processing fees showed slight pressure. Although there was some rigid demand for restocking before the holiday, downstream buyers mainly focused on driving down prices and slow procurement.
Some suppliers actively adjusted prices to promote transactions, and overall transactions were moderate. Today, the Foshan aluminium billet market was quoted at RMB 290/340 per tonne, down RMB 20 per tonne; the Wuxi market processing fee was quoted at RMB 280/350 per tonne, down RMB 20/0 per tonne; the Nanchang region processing fee was quoted at RMB 280/330 per tonne, down RMB 20 per tonne.
