July 22nd SMM aluminum bar spot daily review: base price rise processing fee adjustment space is limited

Published: Jul 22, 2020 11:43

SMM, July 22nd:

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 are flat, the mainstream quotation of automobile transportation / bootstrap is in the range of 400 murals and 500 yuan / ton, some of the high prices of automobile transportation are in 500 murals of 550 yuan / ton, and the prices of hope and Kailong are slightly lower, while the prices of industry and trade and Guangzhou Bank are on the high side; the processing fees in Wuxi area are stable, and the quotation is concentrated in the range of 260,320 yuan / ton, hoping that the price of Xinfa will be adjusted. The spot base price has risen by more than 100 yuan, the processing fee still does not change much, the holding price space is limited, the downstream has a little replenishment to the low-price supply, the overall market supply is abundant, the small stick is OK, the big stick is general.

(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
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
19 hours ago
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Read More
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.
19 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
19 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Read More
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.
19 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
19 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Read More
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.
19 hours ago