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 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
Indonesian Bauxite Mines to Observe Public Holidays in March 2026, Affecting Operations
2 hours ago
Indonesian Bauxite Mines to Observe Public Holidays in March 2026, Affecting Operations
Read More
Indonesian Bauxite Mines to Observe Public Holidays in March 2026, Affecting Operations
Indonesian Bauxite Mines to Observe Public Holidays in March 2026, Affecting Operations
[SMM Aluminum Express News] Indonesian bauxite mines generally observe the national public holidays (libur nasional) and collective leave days (cuti bersama) in March 2026, as confirmed by industry players, though exact implementation varies by company policy (e.g., essential operations like maintenance or shifts may continue with adjustments). This creates a potential 7-day extended break (18–24 March), aligning with government SKB (joint ministerial decree) on holidays and cuti bersama for 2026.
2 hours ago
Indian Aluminum Industry Urges Exemption from RoDTEP Cuts Amid Global Trade Challenges
2 hours ago
Indian Aluminum Industry Urges Exemption from RoDTEP Cuts Amid Global Trade Challenges
Read More
Indian Aluminum Industry Urges Exemption from RoDTEP Cuts Amid Global Trade Challenges
Indian Aluminum Industry Urges Exemption from RoDTEP Cuts Amid Global Trade Challenges
[SMM Aluminum Express News] The Aluminium Association of India (AAI), representing major domestic producers, has urged the government to exempt aluminum products from the recent 50% cut in RoDTEP (Remission of Duties and Taxes on Exported Products) rates. Previously, aluminum exports qualified for ~3% RoDTEP benefits for Domestic Tariff Area (DTA) units and ~2.2% for SEZ units. AAI warned that the cut could strain exports amid rising global trade barriers (e.g., tariffs, CBAM), shrinking opportunities, and competition. It also called for 2026-27 RoDTEP rates to be set based on actual unrebated taxes borne by exporters, ensuring fair compensation for both DTA and SEZ units. This aims to maintain competitiveness for Indian aluminum in international markets.
2 hours ago
PM Modi Dedicates India's First Automated Dry-Bulk Cargo Terminal to Nation
3 hours ago
PM Modi Dedicates India's First Automated Dry-Bulk Cargo Terminal to Nation
Read More
PM Modi Dedicates India's First Automated Dry-Bulk Cargo Terminal to Nation
PM Modi Dedicates India's First Automated Dry-Bulk Cargo Terminal to Nation
[SMM Aluminum Express News] Prime Minister Narendra Modi dedicated India's first fully automated dry-bulk cargo terminal, the Haldia Bulk Terminal (HBT), to the nation on Saturday (March 2026). Developed by Adani Ports and Special Economic Zone Limited (APSEZ) at the Haldia Dock Complex (Syama Prasad Mookerjee Port, Kolkata), the facility has an annual handling capacity of 4 MMTPA. Key features: 1. Full mechanisation and automated cargo handling 2. Direct rail connectivity via a 1.54 km dedicated rail line 3. 2,000-tonne Railway Wagon Loading System (RWLS) for seamless ship-to-train transfer The eastern seaboard handles ~60% of India's dry-bulk imports (coal, bauxite, limestone), vital for steel, aluminium, and power sectors.
3 hours ago