Spot Daily Review of SMM Aluminium bars on May 14, 2020

SMM, 14 May:

Today, the cost of aluminum bar processing is stable and on the strong side. 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 630-670 average price 650, Φ 178 quoted 610-650, average price 630. Spot base prices in Guangdong and Shanghai rose slightly. Foshan area processing fee changes little, self-raised low price in 700-750 yuan / ton, automobile high price in 800-850 yuan / ton, some models of circulation supply is not much, after the increase in inquiry and receipt of goods, the holder quotation has been raised one after another, the transaction is still slightly higher, the mainstream price is still maintained in the 600-700 yuan / ton range, the downstream just need to purchase, the arrival of less goods out of the warehouse is stable.

(SMM Tong Lin 0757Mui 85511521)