Daily Review of SMM Aluminium Bar spot on May 18, 2020

SMM, May 18:

Today's aluminum bar processing fee is adjusted in a narrow range. The average price of aluminum rod processing fee in Foshan area Φ 90 is 780m 820, Φ 120 is 760Mel 800, Φ 178 is 730Mel 770, the average price is 750; the average price of aluminum bar processing fee in Wuxi area is 680, Φ 120, 650m, 650m, 650m, 650m, 650m, 650m, 650m, 650m, 650m, 650m, 650m, 650m, 650m, 650m, 650m, 650m, 650m, 650m, 650m, 650m The spot base price in Guangdong and Shanghai has risen by more than 100. Foshan area processing fee initial quotation slightly raised, since the low price in 750 murals 800 yuan / ton, motor transport high price in 900 yuan / ton, not many holders of goods slightly standing price, downstream wait-and-see increase, transaction is not much; Wuxi area processing fees to maintain stability, morning bulk cargo low in 600 yuan / ton, and then a small increase, since the price increase in the vicinity of 700 yuan / ton, downstream just need to prepare goods, trading in general.

(SMM Tong Lin 0757Mui 85511521)