[SMM Weekly selected] supply sharply reduces demand to maintain stability, aluminum rod processing fees hit bottom and rebound

Published: May 15, 2020 23:28

"SMM aluminum industry chain weekly report" released, the weekly report SMM will select one of the hot topics, prices, market or major changes in the industry chain information released into a document for your reference.

The following is an excerpt from the weekly report of the SMM aluminum industry chain:

Guangdong aluminum bar processing fees hit bottom this week rebounded, the trend is on the strong side. Among them, φ 90 specification aluminum bar processing fee is 680-800 yuan / ton, φ 120 specification aluminum bar processing fee is 660-780 yuan / ton, φ 178 specification aluminum bar processing fee is 640-760 yuan / ton, and the processing fee also increases by about 100 yuan as a whole, and the price difference between large and small bars is maintained at 20-40 yuan / ton. The stock of aluminum bars in the public warehouse on Friday was 64600 tons, 10, 000 tons less than last Friday, there was no centralized storage during the week, the shipment of the Northwest Railway lagged behind, there was not much seaborne arrival in North China, and the quantity of aluminum bars transported by southwest automobile was also limited. The output of aluminum bars in the warehouse increased slightly compared with last week, and the supply of goods in circulation outside the warehouse slightly increased the quantity of aluminum bars in the downstream purchase warehouse.

During the week, the base price fell first and then rose, but the processing fee rose steadily, the downstream demand was good, the supply of goods in circulation in the market was slightly insufficient, the self-raised price rose from 600-650 yuan / ton to 750-800 yuan / ton, and the high price of automobile transportation and distribution climbed to 850-900 yuan / ton range, but on Friday, some holders worried that the price would fall next week, and there would be a small amount of price adjustment and selling behavior. Demand remained stable during the week, supply was relatively tight, Guangdong aluminum bar processing fees or continued strong trend.

Guangdong aluminum bar processing fee

"apply for free access to the SMM metal industry chain database

Current issue of "SMM Aluminum Industry chain Weekly report" catalogue

Main points of this issue's weekly report

1. Aluminum downstream processing enterprises to maintain a smooth start at the earliest decline at the end of the month

2. The rise of domestic alumina price is weak and the price quoted by the seller has dropped slightly.

3. National average complete cost composition of aluminum electrolysis

4. In the early stage of delivery, it is now returned to Guangdong and Shanghai to maintain the price difference near the level.

5. Sharp reduction in supply demand to maintain stability aluminum rod processing fees hit bottom and rebound

6. Under the high aluminum price, the shippers actively pay attention to the implementation of the new standard for importing waste aluminum in July.

7. Contradiction between poor demand and high aluminum price ADC12 price of recycled aluminum continues to rise weakly

8. Silicon factory price increase buyers wait and see the deal is slightly deadlocked

Scan QR code application report for free and join SMM aluminum industry chain exchange group

The contents of "SMM China Aluminum Industry chain High-end report" include: macro hot spots, alumina, electrolytic aluminum, waste aluminum, aluminum accessories, aluminum, waste aluminum pre-baked anode analysis, the scope to accommodate the spot market, futures, inventory market performance and aluminum processing start-up rate research, and pay attention to real-time LME, SHFE and SMM prices. "View details

"SMM China Aluminum Industry chain conventional report" includes: macro hot spots, alumina, electrolytic aluminum, waste aluminum, pre-baked anode analysis, the scope of the spot market, futures, inventory performance and other trends and related news, and focus on real-time LME, SHFE and SMM price dynamics. "View details

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
February Primary Aluminum Billet Operating Rates Hit a Nearly Four-Year Low [SMM Analysis]
18 hours ago
February Primary Aluminum Billet Operating Rates Hit a Nearly Four-Year Low [SMM Analysis]
Read More
February Primary Aluminum Billet Operating Rates Hit a Nearly Four-Year Low [SMM Analysis]
February Primary Aluminum Billet Operating Rates Hit a Nearly Four-Year Low [SMM Analysis]
[SMM Analysis: February Operating Rate of Primary Aluminum Billets Hit a Nearly Four-Year Low, Expected to Recover to Peak-Season Levels Seen in the Same Period in Previous Years in March] According to SMM statistics, the operating rate of aluminum billets in February fell sharply by 9.2 percentage points MoM to 41.4%, down 7.7 percentage points YoY. After aluminum prices surged to a record high at the end of January, they saw a sharp correction ....
18 hours ago
Middle East Conflict and Trade Barriers Halt Aluminum Plate, Sheet, Strip, and Foil Exports
23 hours ago
Middle East Conflict and Trade Barriers Halt Aluminum Plate, Sheet, Strip, and Foil Exports
Read More
Middle East Conflict and Trade Barriers Halt Aluminum Plate, Sheet, Strip, and Foil Exports
Middle East Conflict and Trade Barriers Halt Aluminum Plate, Sheet, Strip, and Foil Exports
Among them, the Gulf region was an important consumer market for China in the Middle East: China’s exports of aluminum plate/sheet and strip to Saudi Arabia reached 42,500 mt, and aluminum foil 58,000 mt; exports of aluminum plate/sheet and strip to the UAE reached 103,500 mt, and aluminum foil 93,800 mt; the other four countries (Bahrain, Qatar, Kuwait, and Oman) accounted for combined exports of about 22,000 mt of aluminum plate/sheet and strip and about 11,000 mt of aluminum foil.
23 hours ago
US Inflation Rises 0.3% in February, Matching Expectations; Fed Rate Cut Timing Unclear Amid Iran Oil Crisis
Mar 14, 2026 15:06
US Inflation Rises 0.3% in February, Matching Expectations; Fed Rate Cut Timing Unclear Amid Iran Oil Crisis
Read More
US Inflation Rises 0.3% in February, Matching Expectations; Fed Rate Cut Timing Unclear Amid Iran Oil Crisis
US Inflation Rises 0.3% in February, Matching Expectations; Fed Rate Cut Timing Unclear Amid Iran Oil Crisis
The latest US inflation data has been released, showing that seasonally adjusted CPI in February rose 0.3% MoM and was up 2.4% YoY; core CPI increased 0.2% MoM and rose 2.5% YoY, with all figures in line with market expectations. However, the prevailing market view is that the February data has not yet reflected the impact of the sharp rise in oil prices caused by the situation in Iran. Therefore, further data is still needed to support judgment on when the US Fed will cut interest rates again.
Mar 14, 2026 15:06
[SMM Weekly selected] supply sharply reduces demand to maintain stability, aluminum rod processing fees hit bottom and rebound - Shanghai Metals Market (SMM)