SMM, May 27th:

Spot base prices in Guangdong and Shanghai fell slightly, and aluminum bar processing fees continued to be adjusted weakly. The average price of aluminum bar processing fee in Foshan area is 660, Φ 120, 610, 650, 630, 380, 420, 400, 590, 570, 570, 570, 570, 570, 570, 570, 570, 540, 540, 540, 520, 590, 570, 570, 540, 540, 520, 590, 570, 570, 540, 540, 520, 590, 570, 570, 540, 540, 540, 540 and 520, respectively. Foshan processing fees fell sharply, the price of big sticks fell to 400 yuan / ton, and the price of small sticks fell to 600 murals 700 yuan / ton. Many motor aluminum bars in the surrounding provinces were sent to Guangdong, where they were afraid of heights and less mining downstream, resulting in poor trading. The decline in processing fees in Wuxi was relatively small, and the mainstream price range moved down to 500 RMB600 / ton, which just required limited stock, and the overall trading was not good.

(SMM Tong Lin 0757Mui 85511521)