SMM aluminum bar spot daily review: the base price continues to rise, the processing fee continues to fall, and the downstream stock preparation enthusiasm is not high.

Published: Jul 10, 2020 12:02

Save

SMM, July 10:

The average price of aluminum bar processing fee in Foshan is 440, Φ 120 is 440, the average price is 420, Φ 178 is 400 Muth440, the average price is 420; the average price of aluminum bar processing fee in Wuxi is 310, Φ 120 is 260mur300, the average price is 280, the average price is 420, and the average price is 420. Foshan processing fees fell slightly, automobile transportation / self-pick-up mainstream quotations were maintained in the range of 400 murals and 500 yuan / ton, and traders adjusted prices slightly; affected by the sharp rise in spot base prices in East China, processing fees in Wuxi fell sharply, and the price center of gravity fell below 300 yuan / ton. Aluminum prices continue to rise, downstream stock enthusiasm is not high, the market just needs to be traded.

(SMM Tong Lin 0757Mui 85511521)

Processing fee daily review

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

4 hours ago

Weak Macro Front and Pervasive Risk-Off Sentiment Keep Aluminum Prices Under Pressure at High Levels in the Short Term [SMM Aluminum Price Weekly Review]

[SMM Aluminum Price Weekly Review: Weak Macro Conditions Fueled Risk-Off Sentiment, and Aluminum Prices Remained Primarily Under Pressure at High Levels in the Short Term]

4 hours ago

6 hours ago

Strong Cost Support Combined With Supply Contraction, Aluminum Fluoride Prices Are Expected to Strengthen Mildly Next Month [SMM Fluoride Salt Weekly Review]

6 hours ago

7 hours ago

China and Laos Signed an MOU on the Oudomxay AI Green Power Aluminum Project Together

Vientiane recently marked a major milestone in China-Laos green industrial cooperation—Krittaphong Group Co., Ltd. and CGN Energy Technology (Laos) Co., Ltd., together with the Ministry of Industry and Commerce of Laos and Oudomxay Province, officially signed a Memorandum of Understanding (MOU) for the Oudomxay AI Green Electricity Eco-Aluminum Industrial Park Project. Tang Danzhong, Deputy General Manager of Guangxi Investment Group, and Lin Rui, Chairman of Electricite du Laos Transmission Company Limited (EDL-T), attended the signing ceremony as witnesses, fully demonstrating all parties’ firm confidence in and full support for the project’s smooth implementation. The project will center on 500,000 mt of aluminum capacity, alongside the supporting development of a 2 million kW clean energy base, and is expected to join hands with Guangxi Investment Group, a core industrial investor, to build a complete eco-industrial base for the entire aluminum industry chain.

7 hours ago