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

SMM4, March 3:

Spot base prices rebounded sharply, aluminum bar processing fees rose unchanged. Foshan area aluminum bar processing fee Φ 90 quoted 700-740 average price 720, Φ 120 quoted 680-720 average price 700, Φ 178 quoted 680-720, average price 700; Wuxi aluminum bar processing fee Φ 90 quoted 560600 average price 580, Φ 120 quoted 530-570 average price 550, Φ 178 quoted 520-560, average price 540. Today, the base price of aluminum ingots in Guangdong and Shanghai rebounded sharply, processing fees in Foshan continued to rise, the mainstream quotation was adjusted to a range of 700-800 yuan / ton, the number of traders and bar factories shipped was still small, the amount of aluminum bars in circulation in the market was on the low side, and transactions were active; processing fees in Wuxi rose slightly, the mainstream price remained between 500-600 yuan / ton, and the quotation of the cardholder was raised, and the downstream just needed to purchase, showing signs of stabilizing and rebounding.

(SMM Child Forest 075785511521)