April 17, 2020 SMM casting aluminum coil processing fee quotation

Published: Apr 17, 2020 12:06
April 17, 2020 SMM casting aluminum coil processing fee quotation

SMM, 17 April:

This week, the processing fee of cast-rolled aluminum coil is mainly stable. The 1060 pressing board processing fee in Shandong, Henan and Inner Mongolia is between 450-700 yuan / ton, the 1-series PS base material processing fee is 450-700 yuan / ton, 1100 decorative board processing fee is 450-700 yuan / ton, 3003 oil tank material processing fee is 650900 yuan / ton, 3102 air conditioning foil blank processing fee is 650900 yuan / ton, 8011 air conditioning foil billet processing fee is 500-750yuan / ton. 8011 the processing fee of food foil billet is between 550 and 800 yuan / ton. According to feedback from casting and rolling aluminum coil holders, due to the sharp decline in aluminum prices compared with the previous year, the casting and rolling capacity of some manufacturers has been reduced, resulting in a reduction in market supply, but the increase in casting and rolling processing fees is relatively small, and the market presents a situation of weak supply and demand.

(Xu Man 021-51595898)

 

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
US Fed Rate Watch: Geopolitical Tensions Disrupt Short-Term Aluminum Price Movement Pace [SMM Aluminum Morning Meeting Minutes]
17 mins ago
US Fed Rate Watch: Geopolitical Tensions Disrupt Short-Term Aluminum Price Movement Pace [SMM Aluminum Morning Meeting Minutes]
Read More
US Fed Rate Watch: Geopolitical Tensions Disrupt Short-Term Aluminum Price Movement Pace [SMM Aluminum Morning Meeting Minutes]
US Fed Rate Watch: Geopolitical Tensions Disrupt Short-Term Aluminum Price Movement Pace [SMM Aluminum Morning Meeting Minutes]
[US Fed Rate on Hold, Geopolitical Tensions Disrupt Short-Term Aluminum Price Movement Pace] The US-Iran ceasefire agreement has not yet been formally reached, and the memorandum of understanding is still being finalised. Short-term geopolitical premiums persist, and tight ex-China supply continues to support a relatively strong LME aluminum pattern. On the domestic front, affected by the recent sharp rise in aluminum prices, spot aluminum procurement sentiment in China weakened, with purchases mainly made on an as-needed basis in small quantities. Inventory side, China's inventory destocking continued but at a limited pace, constraining the upside elasticity of SHFE aluminum, and the LME outperforms SHFE divergence pattern persists in the short term. In the short term, aluminum prices are expected to move sideways within a range with LME outperforming SHFE.
17 mins ago
Aluminum Alloy Futures Retreat After Rapid Rise to Close Lower, Spot Cargo Cost Support Keeps Prices Firm [SMM Cast Aluminum Alloy Morning Comment]
27 mins ago
Aluminum Alloy Futures Retreat After Rapid Rise to Close Lower, Spot Cargo Cost Support Keeps Prices Firm [SMM Cast Aluminum Alloy Morning Comment]
Read More
Aluminum Alloy Futures Retreat After Rapid Rise to Close Lower, Spot Cargo Cost Support Keeps Prices Firm [SMM Cast Aluminum Alloy Morning Comment]
Aluminum Alloy Futures Retreat After Rapid Rise to Close Lower, Spot Cargo Cost Support Keeps Prices Firm [SMM Cast Aluminum Alloy Morning Comment]
[SMM Cast Aluminum Alloy Morning Comment: Aluminum Alloy Futures Retreated After Rapid Rise to Close Bearish, Spot Cost Support Kept Prices Relatively Strong] The most-traded aluminum alloy 2608 futures contract closed overnight at 23,105 yuan/mt, down 160 yuan/mt from the previous trading day, a decline of 0.69%. It retreated after a rapid rise to close with a solid bearish candlestick, with the previous high of 23,550 clearly under pressure, ending the short-term rebound. Trading volume was 2,830 lots, down 4,073 lots from the previous session. Volume shrank during the decline, indicating that bears' selling pressure slowed down while bulls' buying support was also relatively weak. Open interest stood at 13,704 lots, up 28 lots with a slight increase in positions. The slight increase in open interest amid the decline suggested that funds marginally added short positions in line with the trend, with divergence between bulls and bears slightly widening.
27 mins ago
Huaibei High-tech Zone Signs Deal for Aluminum Composite Materials and Deep Processing Project
15 hours ago
Huaibei High-tech Zone Signs Deal for Aluminum Composite Materials and Deep Processing Project
Read More
Huaibei High-tech Zone Signs Deal for Aluminum Composite Materials and Deep Processing Project
Huaibei High-tech Zone Signs Deal for Aluminum Composite Materials and Deep Processing Project
On the morning of June 2, the project for annual production of 30,000 mt of aluminum-based metal composite materials and 5 million deep-processed material components was officially signed in Huaibei High-tech Zone. Integrating new material R&D, intelligent production, and precision deep processing, the project's products are mainly applied in NEV, energy storage equipment, PV and wind power, and other fields.
15 hours ago
April 17, 2020 SMM casting aluminum coil processing fee quotation - Shanghai Metals Market (SMM)