Spot Daily Review of SMM Aluminium bars on April 28, 2020

Published: Apr 28, 2020 11:48

SMM, 28 April:

Today, aluminum bar processing fees rise or fall. 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 670-710, average price 690; Wuxi aluminum bar processing fee Φ 90 quoted 690730 average price 710, Φ 120 quoted 650-690 average price 670, Φ 178 quoted 630670, average price 650. Spot base prices in Guangdong and Shanghai rose slightly, processing fees in Foshan area stopped falling and rebounded, price center of gravity rose slightly, holders limited sale, automobile transportation quotation rose to 750 yuan / ton, Wuxi processing fee fell slightly, mainstream quotation maintained at 650700 yuan / ton, downstream just needed less mining, transaction general.

(SMM Child Forest 075785511521)

 

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 for 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
Ex-China ADC12 Prices Drop, Inversion with China Narrows but Import Window Remains Closed
1 min ago
Ex-China ADC12 Prices Drop, Inversion with China Narrows but Import Window Remains Closed
Read More
Ex-China ADC12 Prices Drop, Inversion with China Narrows but Import Window Remains Closed
Ex-China ADC12 Prices Drop, Inversion with China Narrows but Import Window Remains Closed
[SMM Aluminum Flash] Currently, ex-China ADC12 quotes have pulled back to $3,350-3,410/mt, while China's prices have strengthened, easing the inverted spread between domestic and overseas markets. The immediate loss per mt has narrowed from over 3,000 yuan to around 2,500 yuan, but the inversion magnitude remains large, and the import window is still closed. It is expected that ex-China ADC12 prices still have downside room in the near term, while China's prices will continue to hold up well. The inversion is likely to narrow further, but there is still a significant gap before the import window reopens.
1 min ago
Hongjin Develops High-Strength Aluminum Alloy for Next-Gen Robots, Mass Production Begins Q2 2026
16 mins ago
Hongjin Develops High-Strength Aluminum Alloy for Next-Gen Robots, Mass Production Begins Q2 2026
Read More
Hongjin Develops High-Strength Aluminum Alloy for Next-Gen Robots, Mass Production Begins Q2 2026
Hongjin Develops High-Strength Aluminum Alloy for Next-Gen Robots, Mass Production Begins Q2 2026
[SMM Aluminum Express] According to Hongjin New Materials, the Hongjin New Materials Nantong Research Institute and a leading China-based embodied robot enterprise jointly tackled key problems for nearly six months, successfully developing a specialized high-strength and high-toughness aluminum alloy structural component. It has been mass-produced and applied in the latest-generation flagship robot. The material achieves a combination of light weight, high strength, and high toughness, with bulk properties reaching UTS ≥380 MPa, YTS ≥300 MPa, A ≥8%, and fatigue strength ≥120 MPa. Used for critical load-bearing components such as joint brackets, mass production commenced in Q2 2026, pioneering a new model of "deep integration between material R&D and end-use applications."
16 mins ago
[Announcement] Bidding Procurement Activity Announcement — CITIC Dicastal Aluminum Ingot Procurement
1 hour ago
[Announcement] Bidding Procurement Activity Announcement — CITIC Dicastal Aluminum Ingot Procurement
Read More
[Announcement] Bidding Procurement Activity Announcement — CITIC Dicastal Aluminum Ingot Procurement
[Announcement] Bidding Procurement Activity Announcement — CITIC Dicastal Aluminum Ingot Procurement
1 hour ago
Spot Daily Review of SMM Aluminium bars on April 28, 2020 - Shanghai Metals Market (SMM)