Spot Daily Review of SMM Aluminium bars on May 13, 2020

SMM, 13 May:

Aluminum bar processing fees are rising steadily today. Foshan area aluminum bar processing fee Φ 90 quoted 740-780 average price 760, Φ 120 quoted 720-760 average price 740, Φ 178 quoted 700-740, average price 720; Wuxi aluminum bar processing fee Φ 90 quoted 660700 average price 680, Φ 120 quoted 620-660 average price 640, Φ 178 quoted 600-640, average price 620. Spot base prices in Guangdong and Shanghai have plummeted. Foshan area processing fee increase is larger, self-raised low price in 700-750 yuan / ton, auto transport high price in 800-850 yuan / ton, futures rebound after the buyer inquiry increased, holder quotation up, trading improved; Wuxi processing fee increase is limited, the focus of quotation remains in the range of 600-700 yuan / ton, the difference between long single price and bulk price is small, the market transaction is limited.

(SMM Tong Lin 0757Mui 85511521)