Daily Review of SMM Aluminium Bar spot on May 7, 2020

SMM, May 7:

The processing fee of aluminum bar fell today. Foshan area aluminum bar processing fee Φ 90 quoted 660-700 average price 680, Φ 120 quoted 640-680 average price 660, Φ 178 quoted 620-660, average price 640; Wuxi aluminum bar processing fee Φ 90 quoted 670-710 average price 690, Φ 120 quoted 620-660 average price 640, Φ 178 quoted 610-650, average price 630. The spot base price of Guangdong and Shanghai fell slightly, the processing fee in Foshan area fell greatly, the price center of gravity dropped to about 650 yuan / ton, the self-raised low price was 600-650 yuan / ton, the high price of automobile transportation was 700-750 yuan / ton, there were not many goods received downstream, trading was general; the processing fee in Wuxi area fell slightly, the mainstream quotation fell below 700 yuan / ton, the long order continued to carry out, and the market just needed to close the deal. Baotou aluminum bar processing fee fell the most, Linyi Gongyi Nanchang is relatively stable, there is downward pressure in the later stage.

(SMM Child Forest 075785511521)