Spot Daily Review of SMM Aluminium bars on May 6, 2020

SMM, 6 May:

Aluminum bar processing fees fell steadily today. Foshan area aluminum bar processing fee Φ 90 quoted 670-710 average price 690, Φ 120 quoted 660-700 average price 680, Φ 178 quoted 650-690, average price 670; Wuxi aluminum bar processing fee Φ 90 quoted 680-720 average price 700, Φ 120 quoted 630-670 average price 650, Φ 178 quoted 620-660, average price 640. Spot base prices in Guangdong and Shanghai have risen sharply, processing fees in Foshan have dropped slightly, the price center of gravity has fallen below 700 yuan / ton, the low price is 650670 yuan / ton, and the high price of automobile transportation is 760-780 yuan / ton. On the first trading day after the festival, there is not much downstream procurement, traders can trade; Wuxi processing fees do not change much, high prices in the maintenance of 700 yuan / ton near, long single supply is abundant, downstream just need to stock, general transactions.

(SMM Child Forest 075785511521)