On May 13, SMM A00 aluminium was quoted at RMB 20,010 per tonne, up RMB 200 per tonne from the previous trading day, with a RMB -20 per tonne spread against the May contract, down RMB 20 per tonne from the previous trading day. On the same day, SMM A00 aluminium (Foshan) was quoted at RMB 19,930 per tonne, up RMB 170 per tonne, with a RMB 95 per tonne discount against the current month and a RMB 35 per tonne discount against the next month (unit: RMB per tonne).
According to SMM statistics, in terms of domestic aluminium billet inventory in two regions, the inventory of aluminium billet in Guangdong was 79,100 tonne, and that in Wuxi was 16,900 tonne, totalling 96,200 tonne, a decrease of 1,000 tonne M-o-M. Affected by the easing of Sino-US trade relations, the centre of aluminium prices rose today, with spot aluminium returning to the RMB 20,000 per tonne level.
In the morning session, processing fees continued to stand firm on quotes, with some suppliers actively lowering their quotes to expedite sales, leading to an increase in the circulation of low-priced goods. The transaction performance of some aluminium billet models was noteworthy, but market sentiment remained cautious, and trading sentiment weakened.
Today, the processing fees in the Foshan aluminium billet market were quoted at RMB 360-410 per tonne, down RMB 40 per tonne; in the Wuxi market, they were quoted at RMB 370-420 per tonne, down RMB 30 per tonne; and in the Nanchang region, they remained unchanged at RMB 400-450 per tonne (unit: RMB per tonne).
Note: This article has been issued by SMM and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.
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