Daily Review of SMM Aluminium Bar spot on May 15, 2020

SMM, 15 May:

The cost of aluminum bar processing has risen steadily today. The average price of aluminum bar processing fee in Foshan area is 780, Φ 120, 740, 780, 760, 178, 720, 760, 740, 680, 680, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650, 650 and 630, respectively. Spot base prices in Guangdong and Shanghai have soared. The initial quotation of processing fee in Foshan area rose, the self-raised low price was 740-790 yuan / ton, the high price of automobile transportation was 850-900 yuan / ton, the circulation of aluminum bar increased obviously, part of the holder adjusted the price actively, the transaction was general; the processing fee in Wuxi area did not change much, the mainstream price of long single and bulk cargo remained in the range of 600-700 yuan / ton, and the downstream was ready on demand.

(SMM Tong Lin 0757Mui 85511521)