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Daily Review of SMM Aluminium Bar spot on May 12, 2020
May 12,2020 11:52CST
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Source:SMM
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SMM, 12 May:

The processing fee for aluminum bars is slightly adjusted today. Foshan area aluminum bar processing fee Φ 90 quoted 690-730 average price 710, Φ 120 quoted 670-710 average price 690, Φ 178 quoted 650-690, average price 670; Wuxi aluminum bar processing fee Φ 90 quoted 660700 average price 680, Φ 120 quoted 610-650 average price 630, Φ 178 quoted 600-640, average price 620. The spot base price in Guangdong and Shanghai has not changed much. Processing fees in Foshan area rose slightly, self-raised low prices in 650700 yuan / ton, auto transport high prices in 750800 yuan / ton, futures downward buyers wait and see increase, pick up the weak transaction is limited; Wuxi processing fees fell slightly, the center of quotation in the 600-700 yuan / ton range, long single execution can be carried out, the market bulk goods trading is not good.

(SMM Tong Lin 0757Mui 85511521)

 

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