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July 24th SMM aluminum bar spot daily review: weak market demand, poor trading of aluminum bar
Jul 24,2020 12:00CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 24th:

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 Mel 440, the average price is 420; the processing fee of aluminum bar in Wuxi is 260MUE 300, the average price is 280, Φ 120 is 240 MUE 280, the average price is 260, Φ 178 is 240 Rhine 280, the average price is 260, the average price is 260,178, and the average price is 260, the average price is 260,178, and the average price is 260. Foshan processing fees are flat, automobile transportation / pick-up quotations are concentrated in the range of 400mur450 yuan / ton, while there are some transactions before 410mur450 yuan / ton, brands include Hope, Xinfa, Industry and Trade, Guangzhou Bank, Crescent, Suxi, Kailong, Bochen, etc.; processing fees in Wuxi region fell, the price center of gravity moved down to 260ft 300 yuan / ton range, the holder reported high but could not close the deal, and the low price was 220,260 yuan / ton. The base price fell slightly, the initial quotation of processing fees changed little, the futures price fell weakly in the morning, the summer off-season affected downstream demand, the enthusiasm for receiving goods was not high, the rate of price reduction by consignors was also small, and the overall market transaction was not good.

(SMM Tong Lin 0757Mui 85511521)

 

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