SMM aluminum bar spot daily review: the price adjustment effect of the holder is not good, the downstream is afraid of high purchasing is limited.

Published: Jul 15, 2020 11:52

SMM, July 15:

The processing fee of aluminum bar in Foshan area Φ 90 is 390mur430, the average price is 410, Φ 120 is 370Muth410, the average price is 390, Φ 178 is 370Muth410, the average price is 390; the average price of aluminum bar processing fee in Wuxi area is 280Muth320, the average price is 300, the average price is 260mur300, the average price is 280, Φ 178 is 260,300, and the average price is 280. Foshan processing fees rose slightly, automobile transportation / self-pick-up mainstream quotations rose to the range of 400 won 500 yuan / ton, while Wuxi processing fees fell steadily, with prices at 250 won 350 yuan / ton. With a small correction in the base price, the price-raising effect of the holder is not good, the enthusiasm of receiving goods downstream is still not high, and a small number of traders sell goods at a low price.

(SMM Tong Lin 0757Mui 85511521)

 

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
US Inflation Rises 0.3% in February, Matching Expectations; Fed Rate Cut Timing Unclear Amid Iran Oil Crisis
1 hour ago
US Inflation Rises 0.3% in February, Matching Expectations; Fed Rate Cut Timing Unclear Amid Iran Oil Crisis
Read More
US Inflation Rises 0.3% in February, Matching Expectations; Fed Rate Cut Timing Unclear Amid Iran Oil Crisis
US Inflation Rises 0.3% in February, Matching Expectations; Fed Rate Cut Timing Unclear Amid Iran Oil Crisis
The latest US inflation data has been released, showing that seasonally adjusted CPI in February rose 0.3% MoM and was up 2.4% YoY; core CPI increased 0.2% MoM and rose 2.5% YoY, with all figures in line with market expectations. However, the prevailing market view is that the February data has not yet reflected the impact of the sharp rise in oil prices caused by the situation in Iran. Therefore, further data is still needed to support judgment on when the US Fed will cut interest rates again.
1 hour ago
China's Auto Sales Slump 15.2% in February, Exports Surge 52.4% YoY
1 hour ago
China's Auto Sales Slump 15.2% in February, Exports Surge 52.4% YoY
Read More
China's Auto Sales Slump 15.2% in February, Exports Surge 52.4% YoY
China's Auto Sales Slump 15.2% in February, Exports Surge 52.4% YoY
According to data released by CAAM, China’s auto market showed the following trends in February: overall auto sales reached 1.805 million units, but fell 15.2% YoY from the same period last year. By segment, NEV sales were 765,000 units, also down 14.2% YoY. However, on the export side, auto exports reached 672,000 units in February, up 52.4% YoY.
1 hour ago
China's Passenger Vehicle Sales Drop 25.4% YoY in February, NEV Sales Down 32%
1 hour ago
China's Passenger Vehicle Sales Drop 25.4% YoY in February, NEV Sales Down 32%
Read More
China's Passenger Vehicle Sales Drop 25.4% YoY in February, NEV Sales Down 32%
China's Passenger Vehicle Sales Drop 25.4% YoY in February, NEV Sales Down 32%
According to data released by the CPCA, retail sales in China’s passenger vehicle market totaled 1.034 million units in February, representing a 25.4 YoY decline. Specifically, in the passenger NEV market, retail sales reached 464,000 units, down 32 YoY.
1 hour ago
SMM aluminum bar spot daily review: the price adjustment effect of the holder is not good, the downstream is afraid of high purchasing is limited. - Shanghai Metals Market (SMM)