Daily Review of SMM Aluminium Bar spot on May 21, 2020: base price plummeted, processing fees stabilized and market trading improved.

SMM, May 22:

Today, aluminum bar processing fees have stopped falling and stabilized. The average price of aluminum rod processing fee in Foshan area is 730, Φ 120, 680 Mel 720, 700, 178, 580, 620, 600, 580, 560, 600, 580, 560, 600, 580, 530, 550, 550, 540, 540, 520, 580, 560, 570, 550, 540, 540, 520, 580, 550, 550, 540, 540, 520, 580, 550, 550, 540, 540, 520, respectively. Spot base prices in Guangdong and Shanghai have plummeted. Foshan area, the processing fees of various types of aluminum bars have not changed much, the prices of big sticks have rebounded slightly, the prices of small sticks have rebounded slightly, and the prices of small sticks have been relatively stable. The high price of automobile transportation is at 750mur800 yuan / ton. Some Jiangxi aluminum bars have been transferred to the Guangdong market, and traders have traded actively; processing fees in Wuxi have not changed much, and the mainstream price range has been maintained at 500tel 600 yuan / ton. Downstream just needs to be prepared, and the transaction is general.

(SMM Tong Lin 0757Mui 85511521)