SMM Aluminum Rod Processing Fee Daily: Enterprises Sell Spot Inventory, Intense Competition in Aluminum Rod Processing Fees

In the early trading today, the aluminum base price is running steadily around 19300. The SMM East China spot price recorded 19250 yuan/ton, unchanged from the previous trading day. Recently, the supply of aluminum rods has been relatively ample, but downstream consumption demand is weak. Various enterprises are adjusting processing fees to deal with spot inventory, leading to a price difference of nearly 100-150 yuan/ton between the quoted price and the actual transaction price.