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Daily Review of SMM Aluminium Bar spot on May 28th: base price rebounded strongly and processing fees continued their downward trend.
May 28,2020 11:49CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, May 28th:

Guangdong and Shanghai spot base prices rebounded, aluminum bar processing fees continued to decline. The average price of aluminum rod processing fee in Foshan area is 650, Φ 120, 640, 620, 380, 420, 400, respectively. The average price of Wuxi aluminum bar processing fee is 540, 580, 560, 490, 490, 530, 510, 460, 500, 480, 480, 480, 480, 580, 580, 510, 460, 500, 480, 460, 500, 480, 480, 560, 530, 510, 460, 500, 480, 480 and 480 respectively. Foshan regional processing fees fell slightly, the big stick quotation maintained at 400 yuan / ton, the small stick price fell to 600mur650 yuan / ton, the automobile quoted price dropped to 600mur700 yuan / ton, the downstream slightly replenished, the trading was slightly better than yesterday; Wuxi region processing fee dropped greatly, the price center of gravity fell to 500won 550 yuan / ton, the big stick fell below 500 yuan / ton, the automobile price fell below 600 yuan / ton, the demand was not good and the transaction was limited. The price of Wuxi area dropped slightly, and the price center of gravity fell to 500 yuan / ton, the big stick fell below 500 yuan / ton, the automobile price fell below 600 yuan / ton, and the demand was not good.

(SMM Tong Lin 0757Mui 85511521)

 

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