SMM News on May 9:
On May 9, SMM A00 aluminum was quoted at 19,610 yuan/mt, down 10 yuan/mt from the previous trading day, at parity with the May 2025 contract, and up 10 yuan/mt from the previous trading day. On May 9, SMM A00 aluminum was quoted at 19,610 yuan/mt, down 10 yuan/mt from the previous trading day, at parity with the May 2025 contract, and up 10 yuan/mt from the previous trading day. (Unit: yuan/mt)
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 that in Wuxi was 18,700 mt, totaling 98,800 mt, a decrease of 4,200 mt MoM. Today, aluminum prices operated steadily. In the morning session, processing fees continued to stand firm on quotes with slow sales. 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 aluminum billet market in Foshan was quoted at 430/480 yuan/mt, unchanged; the processing fee in the Wuxi market was quoted at 480/560 yuan/mt, up 30 yuan/mt; and the processing fee in the Nanchang area was quoted at 500/550 yuan/mt, unchanged. (Unit: yuan/mt)
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(Source)