According to SMM statistics, in terms of domestic aluminum billet inventory in two regions, the inventory of aluminum billet in Guangdong was 80,100 mt, and the inventory of aluminum billet in Wuxi was 18,700 mt, totaling 98,800 mt, down 4,200 mt MoM. Today, aluminum prices operated steadily, with processing fees continuing to stand firm on quotes and being released slowly in the morning session. However, as the weekend approached, some suppliers lowered their quotes to realize cash, leading to an increase in the circulation of lower-priced goods. Downstream demand was moderate, and overall transactions were average. Today, the quotes for aluminum billet processing fees in Foshan market were 430/480 yuan/mt, unchanged; the quotes in Wuxi market were 480/560 yuan/mt, up 30 yuan/mt; and the quotes in Nanchang region were 500/550 yuan/mt, unchanged. (Unit: yuan/mt)
[Ningbo Zinc: Continuous Pre-sales of Imports, Poor Domestic Zinc Transactions in Ningbo] The transaction price of mainstream 0# zinc brands in the Ningbo market was around 22,805-22,915 yuan/mt. The mainstream brands in Ningbo were quoted at a premium of 550 yuan/mt against the 2506 contract and at a premium of 70 yuan/mt against Shanghai spot cargo. Mainstream quotes in the Ningbo region were made against the 2506 contract...
[SMM Tin Midday Review: Bulls and Bears in the SHFE Tin Market Lock Horns Around the 260,000 yuan/mt Threshold, with Sluggish Spot Market Transactions] The most-traded SHFE tin contract (SN2506) opened at 262,500 yuan/mt, slightly higher than the previous trading day's closing price of 261,480 yuan/mt. The price fluctuated and consolidated during the session. In the morning, non-ferrous metals were under pressure overall. The most-traded SHFE tin contract closed at 259,980 yuan/mt at midday, down slightly by 0.26% intraday. Trading volume and open interest decreased slightly, with a strong wait-and-see sentiment prevailing in the market.
[Guangdong Zinc: Poor Market Transactions, Spot Premiums Continue to Decline] The mainstream transactions of 0# zinc in Guangdong were concluded at 22,705-22,885 yuan/mt. The mainstream brands were quoted at a premium of 480 yuan/mt against the 2506 contract, on par with spot aluminum in Shanghai. The Shanghai-Guangdong price spread remained...