SMM aluminum rod processing fee market on May 28th, 2020

Published: May 28, 2020 12:01

Save

SMM, May 28th:

Today, the processing fee of aluminum rod in the northern region continues to fall as a whole. The processing fee of 1A60 aluminum rod in Shandong area is between 200mur400 yuan / ton, the average price is 30 yuan / ton lower than yesterday, the average price of 1A60 aluminum rod in Inner Mongolia is between 30mur50 yuan / ton, the average price is 40 yuan / ton lower than yesterday, and the processing fee of 1A60 aluminum rod in Henan area is between 260mura 320 yuan / ton, the average price is basically the same as yesterday. Due to the continuous rise in aluminum prices, the holder reduced the processing fee, and the downstream basically bought goods on demand, which is more wait-and-see.

(Xu Man 021 muri 51595898)

Quotation aluminum ingot noon news

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

1 min ago

Nigeria and AFC Sign $1.3B Alumina Refinery Deal to Boost Mining Sector Growth

The Africa Finance Corporation and the Federal Government of Nigeria signed an agreement to invest in three major mining projects. One of these includes $1.3 billion for an aluminum refining project. The agreement was signed under the Solid Minerals Development Fund (SMDF), a sovereign investment fund aimed at promoting private sector-led growth in the mining industry. Under the agreement, the parties will carry out a geoscience mapping program to improve mineral data and reduce exploration risk, encouraging more investors to participate in the sector. They will also create a joint investment vehicle to accelerate exploration and mining development in Nigeria.

1 min ago

3 mins ago

Hydro Plans to Close French Aluminum Plant, Aiming to Boost European Competitiveness

Hydro has decided to further strengthen its aluminum extrusion business in Europe and has proposed closing its extrusion plant in Lucé, France. This move is intended to optimize its European extrusion business segment and enhance competitiveness. The planned closure of the Lucé plant will affect the livelihoods of approximately 80 employees, and a formal consultation process with the plant’s employee representatives will begin soon. If an agreement is reached between labor and management, the plant will close in 2026.

3 mins ago

6 mins ago

Argentina Ends Anti-Dumping Measures on Chinese Aluminum Plates Following Review

On February 12, 2026, the Argentine Ministry of Economy issued Notice No. 134 of 2026, making a negative final determination in the combined anti-dumping sunset review and changed circumstances review regarding aluminum plates originating in China, and decided to discontinue the anti-dumping measures on the products concerned. The products concerned specifically referred to 3 series non-alloy or alloy aluminum plates that complied with Article 681 of Argentina’s national IRAM standard, with specifications as follows: diameter greater than or equal to 60 mm and less than or equal to 1,000 mm, and thickness greater than or equal to 0.3 mm and less than or equal to 5 mm. The NCM codes for the products concerned were 7606.91.00 and 7606.92.00. The Notice took effect as of the date of issuance.

6 mins ago