[SMM Daily Review] Aluminum bars: the center of gravity of processing fees has moved down as a whole, and the price of big bars in Guangdong has dropped significantly.

SMM, May 20:

The processing fee of aluminum bar continued to fall before noon. The average price of aluminum rod processing fee in Foshan area Φ 90 is 720, Φ 120 is 700mur740, Φ 178 is 600mur640, the average price is 620; the average price of aluminum bar processing fee in Wuxi is 660, 640, 580, 580, 540 and 560 respectively. The spot base price in Guangdong and Shanghai varies. Foshan processing fees have declined greatly, the initial self-quoted price varies from 650Mel 750 yuan / ton, and the automobile quotation varies from 750mur850 yuan / ton. The demand is not good. The holder has reduced the price one after another. The low price of the big stick fell by 600 yuan / ton. The small stick was maintained at 700 yuan / ton, and the overall trading was general. Wuxi processing fees were also reduced, with the mainstream price range of 550tel 650 yuan / ton. Downstream wait-and-see purchases are less, and transactions are not much.

(SMM Tong Lin 0757Mui 85511521)