Aluminum Bars Market Review: Base Price Hits 20,000-Yuan Mark, Processing Fees Fall Amid Wait-and-See Sentiment

Published: Sep 20, 2024 15:53

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SMM News on September 20:
Daily Review of Aluminum Bars: This week, the base price showed a strong performance, reaching the 20,000-yuan mark. The market processing fees for aluminum bars initially attempted to maintain their prices, but due to the strong wait-and-see sentiment among downstream buyers, who were pessimistic and offered lower prices with reduced purchases, the processing fees for aluminum bars in three regions all fell back. Holders of aluminum bars also adopted a wait-and-see attitude in the middle of the week, leading to a notable decrease in market quotations. As the weekend approached, those with cash-out needs took the opportunity to lower processing fees, resulting in a relatively sluggish market in terms of transactions. ...

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