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[SMM Weekly selected] supply sharply reduces demand to maintain stability, aluminum rod processing fees hit bottom and rebound
May 15,2020 23:28CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

"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

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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

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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

Aluminum
aluminum bar

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