Daily Review of SMM Aluminium Bar spot on July 20th: the base price rebounded over 100 yuan and the processing fee rose steadily.

Published: Jul 20, 2020 12:06

Save

SMM, July 20:

The average price of aluminum bar processing fee in Foshan is 470, Φ 120, 420, 440, 440, 420, 460, 440, 420, 460, 440, 440, 420, 460, 440, 440, 420, 440, 440, 440, 440, 440, 440, 440, 440, 440, 440, 440, 440, 440, 440, 440, 440, 470, 470, 470, 440, 440, 440, 440, 470, 470, 470, 420, 440, 440 Foshan processing fees rose slightly, automobile / bootstrap mainstream quotations are maintained in the range of 400 murals 500 yuan / ton, a small number of high automobile prices more than 500 yuan / ton, hope, Shuntai prices are slightly lower, industry and trade, Guangzhou Bank and other prices are on the high side; Wuxi aluminum bar prices do not change much, the price center of gravity is still around 300 yuan / ton, there are some low-price sources. The base price rebounded more than 100 yuan, the processing fee did not fall under pressure, the price of the holder rose steadily, the shipping enthusiasm was good, the follow-up price was slightly adjusted, and the overall trading was OK.

(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 for 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 hour ago

SHFE Aluminum Rallies, Central China Market Sees Limited Trading Despite Upward Trend

SHFE aluminum continued to rally during the night session, with a slight correction in early trading but still maintaining an upward trend. In the central China market, downstream processing enterprises showed limited buying sentiment. Although major suppliers held back from selling, the upward momentum in market premiums was limited, and trading volume remained low. Ultimately, the actual transaction price range in the central China market was around a discount of 140-170 yuan/mt against the 09 contract.

1 hour ago

China's Secondary Aluminum Ingot Inventory Drops by 170 mt in Major Consumption Areas

[SMM Aluminum Flash] China's secondary aluminum ingot daily inventory in three major consumption areas was reported at 13,394 mt today, down 170 mt from the previous trading day.

1 hour ago

September peak season destocking supports aluminum prices, macro risks still warrant vigilance [SMM Aluminum Morning Meeting Summary]

[September peak season destocking supports aluminum prices, macro risks still warrant caution] Overall, aluminum prices are expected to consolidate on a strong note in the short term.

1 hour ago