SMM5, 9 May:
In April, spot aluminum prices rebounded more than 1,000 yuan from their lows. When the base price rose sharply, aluminum bar processing fees rose instead of falling, and aluminum bar prices in various regions rose to varying degrees.
The center of gravity of processing fees in Baotou area has increased from 280320 yuan / ton to 480-520 yuan / ton. When the supply of aluminum bars is tight, the high price is close to 600 yuan / ton. However, the purchasing enthusiasm of downstream enterprises in North China has declined after the festival. At present, the processing fee has dropped to less than 400 yuan / ton.
The center of gravity of processing fees in Gongyi area has increased from 340-380 yuan / ton to 520-540 yuan / ton, the output and consumption of aluminum bars in the province are not large, the long single low price is 400-500 yuan / ton, and the high price of some automobiles to the factory is 600 + yuan / ton. At present, the processing fee is relatively stable.
The center of gravity of processing fees in Linyi area has increased from 400-440 yuan / ton to 760-800 yuan / ton. Within the month, the limited sale of aluminum bar manufacturers has made it difficult for processing enterprises to demand, and the high price of processing fees has reached 850 yuan / tonne. After the festival, the supply and demand of aluminum bars has been improved, and the processing fees have been reduced.
The center of gravity of processing fees in Wuxi area increased from 510-550 yuan / ton to 640-680 yuan / ton, and the high price within the month was more than 700 yuan / ton. The price of aluminum bar long unit was raised by 100 yuan compared with the previous month. After the price of bulk aluminum bar in the post-festival market fell, the advantage of aluminum bar long order was not as obvious as before.
The processing fee in Foshan area has increased from 580-620 yuan / ton to 680-720 yuan / ton, and the high transaction price once exceeded 1000 yuan / ton within the month. However, with the continuous increase of supply, the inventory has rebounded from the low level by more than 10, 000 tons. At present, the processing fee has also dropped to less than 700 yuan / ton.
Orders and production from downstream processing companies rose significantly in April, and increased demand pushed up the price of aluminum bars. Stimulated by high processing fees, the supply of aluminum bars began to increase gradually, and there was limited room for demand to continue to rise. With the growth and decline of the other, the aluminum bar processing fee in May will face a certain pullback pressure.
"Click to sign up:" 2020 (15th) China International Aluminum processing Summit "
Scan QR codes, apply to attend the meeting or join the SMM Metal AC Group