Spot Daily Review of SMM Aluminium bars on April 16, 2020

SMM4, 16 March:

Spot base prices continued to rise, aluminum bar processing fees fell. Foshan area aluminum bar processing fee Φ 90 quoted 640-680 average price 660, Φ 120 quoted 620-660 average price 640, Φ 178 quoted 620-660, average price 640; Wuxi aluminum bar processing fee Φ 90 quoted 580620 average price 600, Φ 120 quoted 550-590 average price 570, Φ 178 quoted 550-590, average price 570. Aluminum prices in Guangdong and Shanghai rose nearly 100 yuan, Foshan processing fees fell sharply, self-quoted prices dropped to 620-670 yuan / ton, automobile quotations dropped to 650-700 yuan / ton, receiving goods is not good, prices still have room for downward adjustment; processing fees in Wuxi fell slightly, the mainstream price dropped to less than 600 yuan / ton, the overall investment is general.

(SMM Child Forest 075785511521)