Review of SMM Aluminum Bar Trading Day on April 2, 2020

SMM4, January 1:

Spot base prices fell sharply, and aluminum bar processing fees rose steadily. Foshan area aluminum bar processing fee Φ 90 quoted 680-720 average price 700, Φ 120 quoted 660-700 average price 680, Φ 178 quoted 660-700, average price 680; Wuxi aluminum bar processing fee Φ 90 quoted 540-580 average price 560, Φ 120 quoted 510-550 average price 530, Φ 178 quoted 500-540, average price 520. Today, the base price of aluminum ingots in Guangdong and Shanghai has dropped sharply, processing fees in Foshan have soared by nearly 100, mainstream quotations have risen to around 700 yuan / ton, shipping traders and bar factories continue to reduce, downstream just need to purchase, the overall transaction is still OK; Wuxi processing fees are stable, the mainstream prices are between 500-600 yuan / ton, there are still some low-price sources in the market, some traders offer some prices, and processing fees remain weak.

(SMM Child Forest 075785511521)