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.

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)