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  April 2: Aluminum prices maintained a consolidation trend, with aluminum billet transactions in three regions slightly weaker than yesterday. [Daily Review of Spot Aluminum Billet]

  【SMM】On April 2, SMM A00 aluminum (Foshan) was quoted at 20,520 yuan/mt, down 20 yuan/mt, with a discount of 30 yuan/mt against the current month, widening by 10 yuan/mt. On April 2, SMM A00 aluminum (Foshan) was quoted at 20,520 yuan/mt, down 20 yuan/mt, with a discount of 30 yuan/mt against the current month, widening by 10 yuan/mt. (Unit: yuan/mt) In terms of aluminum billet inventory, according to SMM statistics, domestic aluminum billet inventory in two regions showed Guangdong aluminum billet inventory at 154,500 mt, Wuxi aluminum billet inventory at 41,000 mt, totaling 195,500 mt, a decrease of 4,700 mt MoM. Affected by the macro environment, SHFE aluminum maintained low-level consolidation, attempting to recover the 20,500 level, but prices still experienced a pullback during the session. Suppliers held firm on their offers, while downstream buyers pressed for lower prices, resulting in slightly weaker market transactions compared to the previous day. Today, the Foshan aluminum billet market was quoted at 240/290 yuan/mt, down 10 yuan/mt; the Wuxi market processing fee was quoted at 350/380 yuan/mt, up 10 yuan/mt; the Nanchang region processing fee was quoted at 280/330 yuan/mt, unchanged. (Unit: yuan/mt)

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• Metals generally rose, with SHFE tin up over 4%. Both LME and SHFE tin hit new highs for the period, while European container shipping fell over 3%. [SMM Midday Review]