Daily Review of SMM Aluminium Bar spot on May 20, 2020: the decline in processing fees does not change the poor trading in the market.

Published: May 21, 2020 11:45

Save

SMM, May 21:

Today, aluminum bar processing fees continue to fall. The average price of aluminum rod processing fee in Foshan area is 730, Φ 120, 680, 520, 720, 720, 540, 580, 560, 560, 560, 560, 560, 560, 560, 580, 560, 580, 560, 580, 560, 580, 550, 550, 550, 540, 540, 540, 520, 580, 550, 550, 540, 540, 540, 540, 540, 520, 580, 550, 540, 540 and 520, respectively. The spot base price of Guangdong and Shanghai has been adjusted slightly. Foshan area, the actual transaction price of aluminum bars fell below 600 yuan / ton, the price of small sticks fell below 600 yuan / ton, the price of small sticks fell below 750 yuan / ton, and the high price of automobile transportation reached 750 million yuan / ton. The limited price of shipments fell to some extent, sporadic transactions; the processing fees of Wuxi area declined little, and the mainstream price range fell to 500 cents 600 yuan / ton, with both supply and demand being dilute and the trading was not very active.

(SMM Tong Lin 0757Mui 85511521)

Processing fee daily review

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

8 hours ago

Weak Macro Front and Pervasive Risk-Off Sentiment Keep Aluminum Prices Under Pressure at High Levels in the Short Term [SMM Aluminum Price Weekly Review]

[SMM Aluminum Price Weekly Review: Weak Macro Conditions Fueled Risk-Off Sentiment, and Aluminum Prices Remained Primarily Under Pressure at High Levels in the Short Term]

8 hours ago

10 hours ago

Strong Cost Support Combined With Supply Contraction, Aluminum Fluoride Prices Are Expected to Strengthen Mildly Next Month [SMM Fluoride Salt Weekly Review]

10 hours ago

11 hours ago

China and Laos Signed an MOU on the Oudomxay AI Green Power Aluminum Project Together

Vientiane recently marked a major milestone in China-Laos green industrial cooperation—Krittaphong Group Co., Ltd. and CGN Energy Technology (Laos) Co., Ltd., together with the Ministry of Industry and Commerce of Laos and Oudomxay Province, officially signed a Memorandum of Understanding (MOU) for the Oudomxay AI Green Electricity Eco-Aluminum Industrial Park Project. Tang Danzhong, Deputy General Manager of Guangxi Investment Group, and Lin Rui, Chairman of Electricite du Laos Transmission Company Limited (EDL-T), attended the signing ceremony as witnesses, fully demonstrating all parties’ firm confidence in and full support for the project’s smooth implementation. The project will center on 500,000 mt of aluminum capacity, alongside the supporting development of a 2 million kW clean energy base, and is expected to join hands with Guangxi Investment Group, a core industrial investor, to build a complete eco-industrial base for the entire aluminum industry chain.

11 hours ago